N.Y. U.C.C. Law § 4-209

Current through 2024 NY Law Chapter 553

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

For purposes of determining its status as a holder in due course, the bank has given value to the extent that it has a security interest in an item provided that the bank otherwise complies with the requirements of Section 3-302 on what constitutes a holder in due course.

N.Y. U.c.c. Law § 4-209