When bank gives value for purposes of holder in due course

Ind. Code § 26-1-4-211
in effect
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Sec. 211. For purposes of determining its status as a holder in due course, a bank has given value to the extent it has a security interest in an item, if the bank otherwise complies with the requirements of IC 26-1-3.1-302 on what constitutes a holder in due course. Formerly: Acts 1963, c.317, s.4-211. As amended by P.L.222-1993, SEC.27.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026

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