HRS §490:4-211
When a bank is considered to have paid value
This section says that a bank counts as having given value for a check or other item if it has a security interest in that item and meets the other rules for being a holder in due course. It only applies to banks and their status in certain payment situations.
The statute, as written — [OLD] REPEALED
L 1991, c 118, pt of §4. §490:4-211 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 section 490:3-302 on what constitutes a holder in due course.
Sections this one refers to
§490:3-302 Who counts as a holder in due course
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