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84-4-211. When bank gives value for purposes of holder in due course. For purposes of determining its status as a holder in due course, a bank has given value to the extent that it has a security interest in an item, if the bank otherwise complies with the requirements of K.S.A. 84-3-302 on what constitutes a holder in due course.

History: L. 1965, ch. 564, § 218; L. 1991, ch. 296, § 92; Feb. 1, 1992.

Revisor's Note:

In 1991 former section 84-4-211 was transferred to 84-4-213 as a conforming amendment in the revision of article 3 of the code and the number reassigned to former section 84-4-209.

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