§ 4211 — When bank gives value for purposes of holder in due course

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 (relating to holder in due course).

Legislative History

(July 9, 1992, P.L.507, No.97, eff. one year) 1992 Amendment.Act 97 deleted section 4211 by amendment and renumbered section 4209 to section 4211. Cross References.Section 4211 is referred to in section 5102 of this title.