Section 4.211. When Bank Gives Value for Purposes of Holder in Due Course

TX Bus & Com Code § 4.211 (2019) (N/A)

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Sec. 4.211. 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 3.302 on what constitutes a holder in due course.

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967. Renumbered from Sec. 4.209 and amended by Acts 1995, 74th Leg., ch. 921, Sec. 4, eff. Jan. 1, 1996.

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Section 4.210. Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds

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Section 4.212. Presentment by Notice of Item Not Payable By, Through or at a Bank; Liability of Drawer or Indorser