Sec. 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.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967. Renumbered from Sec. 4.209 and amended by Acts 1995, 74th Leg., ch. 921, Sec. 4, eff. Jan. 1, 1996.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 4 - Bank Deposits and Collections
Subchapter B. Collection of Items: Depositary and Collecting Banks
Section 4.202. Responsibility for Collection or Return; When Action Timely
Section 4.203. Effect of Instructions
Section 4.204. Methods of Sending and Presenting; Sending Directly to Payor Bank
Section 4.205. Depository Bank Holder of Unindorsed Item
Section 4.206. Transfer Between Banks
Section 4.207. Transfer Warranties
Section 4.208. Presentment Warranties
Section 4.209. Encoding and Retention Warranties
Section 4.210. Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds
Section 4.211. When Bank Gives Value for Purposes of Holder in Due Course
Section 4.213. Medium and Time of Settlement by Bank
Section 4.214. Right of Charge-Back or Refund; Liability of Collecting Bank; Return of Item