New York § 4-209 When Bank Gives Value for Purposes of Holder in Due Course

New York Statutes

§ 4-209 — When Bank Gives Value for Purposes of Holder in Due Course

New York § 4-209

Law UCCUniform Commercial Code

Part 2Collection of Items: Depositary and Collecting Banks

Art. 4Bank Deposits and Collections

This text of New York § 4-209 (When Bank Gives Value for Purposes of Holder in Due Course) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 4-209 (2026).

Text

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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