TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 4
BANK DEPOSITS AND COLLECTIONS

Part 2
Collection of Items: Depositary and Collecting Banks

Section 382-A:4-211

382-A: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. 1993, 346:1, eff. Jan. 1, 1994.

TITLE XXXIV-AUNIFORM COMMERCIAL CODE

CHAPTER 382-AUNIFORM COMMERCIAL CODE

ARTICLE 4BANK DEPOSITS AND COLLECTIONS

Part 2Collection of Items: Depositary and Collecting Banks

Section 382-A:4-211

TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 4
BANK DEPOSITS AND COLLECTIONS

Part 2
Collection of Items: Depositary and Collecting Banks