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 ORS 73.0302 on what constitutes a holder in due course.
ORS 74.2110
Known as the Uniform Commercial Code
The act spans §§ 74–74 (49 sections).
Applied in 1 court decision — leading case 161 Or. App. 544 - Edward D. Jones & Co. v. Mishler (1999)
Most recently applied in 161 Or. App. 544 - Edward D. Jones & Co. v. Mishler (July 1999)
1961 c.726 §74.2110; 1993 c.545 §94
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.