RCW 62A.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, bank has given value to the extent it has a security interest in an item, if the bank otherwise complies with the requirements of RCW 62A.3-302 on what constitutes a holder in due course.
[ 1993 c 229 § 98; 1965 ex.s. c 157 § 4-211. Cf. former RCW sections: (i) RCW 30.52.090; 1955 c 33 § 30.52.090; prior: 1929 c 203 § 9; RRS § 3292-9. (ii) RCW 30.52.100; 1955 c 33 § 30.52.100; prior: 1929 c 203 § 10; RRS § 3292-10.]
NOTES:
Recovery of attorneys' fees—Effective date—1993 c 229: See RCW 62A.11-111 and 62A.11-112.
Structure Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.4 - Bank Deposits and Collections.
62A.4-103 - Variation by agreement; measure of damages; action constituting ordinary care.
62A.4-104 - Definitions and index of definitions.
62A.4-106 - Payable through or payable at bank; collecting bank.
62A.4-107 - Separate office of a bank.
62A.4-108 - Time of receipt of items.
62A.4-110 - Electronic presentment.
62A.4-111 - Statute of limitations.
62A.4-202 - Responsibility for collection or return; when action timely.
62A.4-203 - Effect of instructions.
62A.4-204 - Methods of sending and presenting; sending directly to payor bank.
62A.4-205 - Depositary bank holder of unindorsed item.
62A.4-206 - Transfer between banks.
62A.4-207 - Transfer warranties.
62A.4-208 - Presentment warranties.
62A.4-209 - Encoding and retention warranties.
62A.4-210 - Security interest of collecting bank in items, accompanying documents and proceeds.
62A.4-211 - When bank gives value for purposes of holder in due course.
62A.4-213 - Medium and time of settlement by bank.
62A.4-214 - Right of charge-back or refund; liability of collecting bank; return of item.
62A.4-216 - Insolvency and preference.
62A.4-302 - Payor bank's responsibility for late return of item.
62A.4-401 - When bank may charge customer's account.
62A.4-403 - Customer's right to stop payment; burden of proof of loss.
62A.4-404 - Bank not obligated to pay check more than six months old.
62A.4-405 - Death or incompetence of customer.
62A.4-406 - Customer's duty to discover and report unauthorized signature or alteration.
62A.4-407 - Payor bank's right to subrogation on improper payment.
62A.4-502 - Presentment of "on arrival" drafts.
62A.4-504 - Privilege of presenting bank to deal with goods; security interest for expenses.