§ 4211. 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 3302 (relating to holder in due course). (July 9, 1992, P.L.507, No.97, eff. one year)
1992 Amendment. Act 97 deleted section 4211 by amendment and renumbered section 4209 to section 4211.
Cross References. Section 4211 is referred to in section 5102 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 42 - Collection of Items: Depositary and Collecting Banks
Section 4202 - Responsibility for collection or return; when action timely
Section 4203 - Effect of instructions
Section 4204 - Methods of sending and presenting; sending directly to payor bank
Section 4205 - Depositary bank holder of unindorsed item
Section 4206 - Transfer between banks
Section 4207 - Transfer warranties
Section 4208 - Presentment warranties
Section 4209 - Encoding and retention warranties
Section 4210 - Security interest of collecting bank in items, accompanying documents and proceeds
Section 4211 - When bank gives value for purposes of holder in due course
Section 4213 - Medium and time of settlement by bank
Section 4214 - Right of charge-back or refund; liability of collecting bank; return of item