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.
NRS 104.4211
When bank gives value for purposes of holder in due course
Known as the Uniform Commercial Code
The act spans §§ 104–104 (489 sections).
(Added to NRS by 1965, 846; A 1993, 1306)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.