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Alaska Statutes.
Title 45. Trade and Commerce
Chapter 4. Bank Deposits and Collections
Section 211. When Bank Gives Value For Purposes of Holder in Due Course.
previous: Section 210. Security Interest of Collecting Bank in Items, Accompanying Documents, and Proceeds.
next: Section 212. Presentment By Notice of Item Not Payable By, Through, or at a Bank; Liability of Drawer or Endorser.

AS 45.04.211. When Bank Gives Value For Purposes of Holder in Due Course.

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 AS 45.03.302 on what constitutes a holder in due course.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005