§ 26-1-4-211

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 IC 26-1-3.1-302 on what constitutes a holder in due course.Formerly: Acts 1963, c.317, s.4-211. As amended by P.L.222-1993, SEC.27.