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§ 4.211 — Delaware Law | CourtGPT
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  4. Title 6 - Commerce and Trade/
  5. Article 4 - Bank Deposits and Collections/
  6. Part 2 - Collection of Items; Depositary and Collecting Banks§ 4-201. Status of Collecting Bank As Agent and Provisional Status of Credits; Applicability of Article; Item Indorsed “Pay Any Bank”/
  7. § 4.211
Delaware Legal Code

§ 4.211

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§§ 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.5A Del. C. 1953, §§ 4-209; 55 Del. Laws, c. 349; 70 Del. Laws, c. 86, § 4;