Statutes, codes, and regulations
CODE OF GEORGIA
Title 11 - COMMERCIAL CODEArticle 4 - BANK DEPOSITS AND COLLECTIONS
Part 2 - COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS
Section 11-4-211 - When bank gives value for purposes of holder in due course

Ga. Code § 11-4-211

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Current through 2023-2024 Legislative Session Chapter 709
Section 11-4-211 - 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 Code Section 11-3-302 on what constitutes a holder in due course.

OCGA § 11-4-211