Printable Format84-4-211. 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; February 1, 1992.
KANSAS COMMENT, 1996
This section is identical to the 1995 Official Text. It is substantially the same as the former 84-4-209 except for stylistic amendments not meant to change the substantive law. The operation of these sections is discussed in the Kansas Comment to 84-4-208. A bank can also be a holder in due course in its own right, as when it buys an item. See 84-2-201.
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.