§ 4-211. 4-211
48 words·~1 min read·
/us/ucc/a4/s4-211A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.