When bank gives value for purposes of holder in due course

Tenn. Code Ann. § 47-4-211, under Collection of Items — Depositary and Collecting Banks.

Tenn. Code Ann. § 47-4-211

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 § 47-3-302 on what constitutes a holder in due course.