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, provided the bank otherwise complies with the requirements of 30-3-302 on what constitutes a holder in due course.
Mont. Code Ann. § 30-4-209
When bank gives value for purposes of holder in due course
Known as the Uniform Commercial Code
The act spans §§ 30-1-101 to 30-9A-906 (713 sections).
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.