When bank gives value for purposes of holder in due course

11A V.I.C. § 4-211 — under Bank Deposits and Collections.

11A V.I.C. § 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 Section 3–302 on what constitutes a holder in due course.