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November 23, 2024 Rain | 44°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 4 BANK DEPOSITS AND COLLECTIONS
  6. Section 4-211 When Bank Gives Value for Purposes of Holder in Due Course

Section 4-211

Section 4-211: When Bank Gives Value for Purposes of Holder in Due Course

Section 4–211. 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.