When bank gives value for purposes of holder in due course

Va. Code Ann. § 8.4-209
in effect
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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 § 8.3A-302 on what constitutes a holder in due course. Code 1950, §§ 6-378, 6-379; 1964, c. 219; 1992, c. 693.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/8.4-209/Fetched: 10/17/2026

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