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 3-302 on what constitutes a holder in due course.
W. Va. Code § 46-4-211
When bank gives value for purposes of holder in due course
Known as the Uniform Commercial Code
The act spans §§ 46-10-101 to 46-9-809 (630 sections).
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.