Alaska Statutes 45.04.211 – When bank gives value for purposes of holder in due course
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Terms Used In Alaska Statutes 45.04.211
- item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Alaska Statutes 45.04.104
To determine 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 Alaska Stat. § 45.03.302 on what constitutes a holder in due course.