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861 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Nineteen - Negotiable Instruments (§§ 1-24 — 2409)/
  5. Subtitle 2 - Commercial Transactions/
  6. Chapter 45 - Bank Deposits and Collections Sub/
  7. Subchapter II - Collection of Items; Depository and Collecting Banks § 851 - Status of Collecting Bank; Applicability of Chapter; Item Indorsed/
  8. 861
Puerto Rico Legal Code

861

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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 § 602 of this title on what constitutes a holder in due course. History —Aug. 17, 1995, No. 208, § 3-211; Aug. 31, 1996, No. 176, § 3.