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 s. 673.3021 on what constitutes a holder in due course.
Fla. Stat. § 674.2111
When bank gives value for purposes of holder in due course
Known as the Uniform Commercial Code
The act spans §§ 674–674 (41 sections).
History.--s. 1, ch. 65-254; s. 29, ch. 92-82
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.