Table of Contents
TITLE 30. TRADE AND COMMERCE
CHAPTER 4. UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS
Part 2. Collection of Items Depositary and Collecting Banks
Current Version 2025, 2023, 2021, 2019, 2015, 2011, 2009, 2007, 2005, 2003, 2001, 1999, 1997, 1995
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30-4-201
30-4-202
30-4-203
30-4-204
30-4-205
30-4-206
30-4-207
30-4-208
30-4-209
30-4-210
30-4-211
30-4-212
30-4-213
30-4-214
30-4-215
30-4-216
Mont. Code Ann. § 30-4-209

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, provided the bank otherwise complies with the requirements of 30-3-302 on what constitutes a holder in due course.

Official Annotations
History:
En. Sec. 4-209, Ch. 264, L. 1963
R.C.M. 1947, 87A-4-209
Amd. Sec. 174, Ch. 410, L. 1991
Source