CODE OF VIRGINIA

WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN DUE COURSE (§ 8.4-209)

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.

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