New York Statutes
§ 4-209 — When Bank Gives Value for Purposes of Holder in Due Course
New York·Law UCC Uniform Commercial Code·Part 2 Collection of Items: Depositary and Collecting Banks·Art. 4 Bank Deposits and Collections
Section 4--209. When Bank Gives Value for Purposes of Holder in Due\n Course.\n For purposes of determining its status as a holder in due course, the\nbank has given value to the extent that it has a security interest in an\nitem provided that the bank otherwise complies with the requirements of\nSection 3--302 on what constitutes a holder in due course.\n
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Nearby Sections
15
§ 4-101
Short Title§ 4-102
Applicability§ 4-106
Separate Office of a Bank§ 4-107
Time of Receipt of Items§ 4-108
Delays§ 4-109
Process of Posting§ 4-203
Effect of Instructions§ 4-206
Transfer Between Banks