Statute · California Commercial Code
Cal. Com. Code § 4211 — Collection of Items: Depositary and Collecting Banks
Cal. Com. Code § 4211
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 1993-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Com. Code § 4211 — Collection of Items: Depositary and Collecting Banks is in force in the current edition of the Code, and nothing recorded condemns it.
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.