When bank gives value for purposes of holder in due course

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 Code Section 11-3-302 on what constitutes a holder in due course. History. Code 1933, § 109A-4-209, enacted by Ga. L. 1962, p. 156, § 1; Code 1981, § 114-211, as redesignated by Ga. L. 1996, p. 1306, § 9.