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 3302 (relating to holder in due course).
13 Pa.C.S. § 4211
When bank gives value for purposes of holder in due course
Known as the Uniform Commercial Code
The act spans §§ 13-1101 to 13-9809 (634 sections).
(July 9, 1992, P.L.507, No.97, eff. one year)
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.