Sec. 4-211. When bank gives value for purposes of holder in due course.
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/il/chapter-810/act-5/4-211A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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.