U.C.C. - ARTICLE 4 -§4-211.

U.C.C. - ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
..PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

§ 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.

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© Copyright 2005 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.

U.C.C. - ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS ..PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

§ 4-211. WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN DUE COURSE.

U.C.C. - ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
..PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS