GroundRules
Iowa Code § 554.4211: When bank gives value for purposes of holder in due course.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 554 - UNIFORM COMMERCIAL CODE
- Article 4 - BANK DEPOSITS AND COLLECTIONS
- Part 2 - COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS
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 554.3302 on what constitutes a holder in due course.
Collected 2026-09-14T19:40:15Z. Source file · JSON