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When Bank Gives Value for Purposes of Holder in Due Course.

Ala. Code § 7-4-211
in effect
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7-4-211. When Bank Gives Value for Purposes of Holder in Due Course. 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 Section 7-3-302 on what constitutes a holder in due course. (Acts 1995, No. 95-668, p. 1381, §2.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#7-4-211Fetched: 10/20/2026

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