Iowa Code 554.4211 – When bank gives value for purposes of holder in due course
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554.4211 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 § 554.3302 on what constitutes a holder in due course.
[S13, §3060-a27; C24, 27, 31, 35, 39, §9487; C46, 50, 54, 58, 62, §541.27; C66, 71, 73, 75, 77,
79, 81, §554.4209]
94 Acts, ch 1167, §96, 120, 122
C95, §554.4211
Referred to in §554.5102
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 § 554.3302 on what constitutes a holder in due course.
[S13, §3060-a27; C24, 27, 31, 35, 39, §9487; C46, 50, 54, 58, 62, §541.27; C66, 71, 73, 75, 77,
79, 81, §554.4209]
94 Acts, ch 1167, §96, 120, 122
C95, §554.4211
Referred to in §554.5102