When bank gives value for purposes of holder in due course

Ark. Code Ann. § 4-4-211 — under — Collection of Items — Depositary and Collecting Banks.

Ark. Code Ann. § 4-4-211

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 § 4-3-302 on what constitutes a holder in due course.