Idaho Code 28-4-211 – When Bank Gives Value for Purposes of Holder in Due Course
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 28-4-211
- Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Idaho Code 28-4-104
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 28-3-302 on what constitutes a holder in due course.