Uniform Commercial Code

Bank Deposits And Collections

PART 6A-4-201
Collection of Items: Depositary and Collecting Banks

SECTION 6A-4-211

§ 6A-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 § 6A-3-302 on what constitutes a holder in due course.

History of Section.
(P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.)