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Mich. Comp. Laws § 440.4211

Bank with security interest as holder in due course.

Michigan · Michigan Compiled Laws — UNIFORM COMMERCIAL CODE (Act 174 of 1962) · Status: effective

Banking, Finance & Insurance
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Mich. Comp. Laws § 440.4211, Bank with security interest as holder in due course, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362026
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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 3302 on what constitutes a holder in due course.