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 28:3-302 on what constitutes a holder in due course.
D.C. Code § 28:4-211
When bank gives value for purposes of holder in due course
Known as the Uniform Commercial Code
The act spans §§ 28:10-101 to 28:9-809 (639 sections).
Dec. 30, 1963, 77 Stat. 700, Pub
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.