Statutes > Georgia Statutes > TITLE 11 - COMMERCIAL CODE > ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS > PART 2 - COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS > § 11-4-211 - When bank gives value for purposes of holder in due course

§ 11-4-211 - When bank gives value for purposes of holder in due course

O.C.G.A. 11-4-211 (2010)
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.