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Section 42a-4-211 - When bank gives value for purposes of holder in due course.

CT Gen Stat § 42a-4-211 (2019) (N/A)
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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 42a-3-302 on what constitutes a holder in due course.

(1959, P.A. 133, S. 4-211; P.A. 91-304, S. 89.)

History: P.A. 91-304 entirely replaced former provisions re media of remittance and provisional and final settlement in remittance cases with provisions re when a bank gives value for purposes of holder in due course status, a restatement of Sec. 42a-4-209, revised to 1991.

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Section 42a-4-210 - Security interest of collecting bank in items, accompanying documents and proceeds.
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Section 42a-4-212 - Presentment by notice of item not payable by, through or at bank. Liability of drawer or endorser.