N.Y. Uniform Commercial Code 4-209 – When Bank Gives Value for Purposes of Holder in Due Course
Current as of: 2024 | Check for updates
|
Other versions
Section 4–209. When Bank Gives Value for Purposes of Holder in Due
Course.
For purposes of determining its status as a holder in due course, the bank has given value to the extent that it has a security interest in an item provided that the bank otherwise complies with the requirements of Section 3–302 on what constitutes a holder in due course.