Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 4-209 — When Bank Gives Value for Purposes of Holder in Due Course
N.Y. U.C.C. Law § 4-209
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
Section 4--209. When Bank Gives Value for Purposes of Holder in Due
Citator
N.Y. U.C.C. Law § 4-209 — When Bank Gives Value for Purposes of Holder in Due Course is in force in the current edition of the Code, and nothing recorded condemns it.
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.