(810 ILCS 5/4-211)
(from Ch. 26, par. 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 3-302
on what constitutes a holder in due course.
(Source: P.A. 87-582; 87-1135.)