Illinois Statutes
§ 4-211 — When bank gives value for purposes of holder in due course
Illinois § 4-211
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 810COMMERCIAL CODE
Act 810 ILCS 5/Uniform Commercial Code.
Art.Article 4 - Bank Deposits And Collections
This text of Illinois § 4-211 (When bank gives value for purposes of holder in due course) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
810 Ill. Comp. Stat. 4-211 (2026).
Text
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 3-302 on what constitutes a holder in due course.
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Legislative History
(Source: P.A. 87-582; 87-1135.)
Nearby Sections
15
§ 4-101
Short title§ 4-102
Applicability§ 4-103
§ 4-103§ 4-105
§ 4-105§ 4-107
Separate office of bank§ 4-108
Time of receipt of items§ 4-109
Delays§ 4-110
Electronic presentment§ 4-111
Statute of limitations§ 4-201
§ 4-201§ 4-203
Effect of instructions§ 4-204
§ 4-204Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 4-211, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/810/4-211.