(4-211) When bank gives value for purposes of holder in due course

N.D.C.C. § 41-04-23, under Bank Deposits and Collections.

N.D.C.C. § 41-04-23

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, provided the bank otherwise complies with the requirements of section 41-03-28.