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Virginia Law

Code of Virginia

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Code of Virginia
Title 8.4. Commercial Code — Bank Deposits and Collections
Part 2. Collection of Items: Depositary and Collecting Banks
11/16/2024

§ 8.4-209. 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 § 8.3A-302 on what constitutes a holder in due course.

Code 1950, §§ 6-378, 6-379; 1964, c. 219; 1992, c. 693.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.