Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 47. Uniform Commercial Code |
Chapter 4. BANK DEPOSITS AND COLLECTIONS |
Article 2. Collection of Items; Depositary and Collecting Banks |
Sec 47-4211. When bank gives value for purposes of holder in due course
Latest version.
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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 47-3302 on what constitutes a holder in due course.