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Texas Business & Commerce Code - Section 4.211. When Bank Gives Value For Purposes Of Holder In Due Course

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 4.211. When Bank Gives Value For Purposes Of Holder In Due Course

§ 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, § 1, eff. Sept. 1, 1967.  
Renumbered from § 4.209 and amended by Acts 1995, 74th Leg., ch. 
921, § 4, eff. Jan. 1, 1996.

Last modified: August 10, 2007