GroundRules
30-4-209: When bank gives value for purposes of holder in due course.
Where this section sits in the code
- TITLE 30. TRADE AND COMMERCE
- CHAPTER 4. UNIFORM COMMERCIAL CODE 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, provided the bank otherwise complies with the requirements of 30-3-302 on what constitutes a holder in due course.
Collected 2026-09-14T04:50:56Z. Source file · JSON