Statutes, codes, and regulations
General Statutes of Connecticut
Title 42A - UNIFORM COMMERCIAL CODEArticle 4 - Bank Deposits and Collections
Part 2 - COLLECTION OF ITEMS:DEPOSITARY AND COLLECTING BANKS
Section 42a-4-211 - When bank gives value for purposes of holder in due course

Conn. Gen. Stat. § 42a-4-211

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Current with legislation from 2024 effective through June 6, 2024.
Section 42a-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 42a-3-302 on what constitutes a holder in due course.

Conn. Gen. Stat. § 42a-4-211

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