PDFRCW 62A.4-211

When bank gives value for purposes of holder in due course.

For purposes of determining its status as a holder in due course, bank has given value to the extent it has a security interest in an item, if the bank otherwise complies with the requirements of RCW 62A.3-302 on what constitutes a holder in due course.

[ 1993 c 229 s 98; 1965 ex.s. c 157 s 4-211. Cf. former RCW sections: (i) RCW 30.52.090; 1955 c 33 s 30.52.090; prior: 1929 c 203 s 9; RRS s 3292-9. (ii) RCW 30.52.100; 1955 c 33 s 30.52.100; prior: 1929 c 203 s 10; RRS s 3292-10.]

NOTES:

Recovery of attorneys' fees—Effective date—1993 c 229: See RCW 62A.11-111 and 62A.11-112.