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Can you summarize MNST 336.4-211?
UNIFORM COMMERCIAL CODE > WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN DUE COURSE.
Short Summary
336.4-211 MS 1990 [Renumbered 336.4-213 ] 336.4-211 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 it has a security interest in an item, if the bank otherwise complies with the requirements of section 336.3-302 on what constitutes a holder in due course. History: 1965 c 811 s 336.4-209; 1992 c 565 s 93
Jurisdiction
Minnesota