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Can you summarize NVRS 104.4211?

Uniform Commercial CodeOriginal Articles > When bank gives value for purposes of holder in due course.

Short Summary

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 NRS 104.3302 on what constitutes a holder in due course. (Added to NRS by 1965, 846; A 1993, 1306)

Jurisdiction

Nevada

Source
NVRS 104.4211 [https://reggi.cloud.regology.com/regulations/US-NVRS/US-NVRS_T_8_C_104_S_4211]