Commercial Code section 4211

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 3302 on what constitutes a holder in due course.

Source: Section 4211, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=4211. (updated Jan. 1, 1993; accessed Jun. 25, 2025).

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Up to date

Verified:
Jun. 25, 2025

§ 4211's source at ca.gov

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Location: https://california.public.law/codes/commercial_code_section_4211

Original Source: Section 4211, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=4211. (last accessed May 12, 2025).