When bank gives value for purposes of holder in due course

R.I. Gen. Laws § 6A-4-211., under Chapter 6A-4 Bank Deposits and Collections.

R.I. Gen. Laws § 6A-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 § 6A-3-302 on what constitutes a holder in due course.