There Is a Newer Version of the California Code
2016 California Code
Commercial Code - COM
DIVISION 4 - BANK DEPOSITS AND COLLECTIONS
CHAPTER 2 - Collection of Items: Depositary and Collecting Banks
Section 4211.
CA Com Code § 4211 (2016) What's This?
4211. 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 on what constitutes a holder in due course.
(Added by renumbering Section 4209 by Stats. 1992, Ch. 914, Sec. 30. Effective January 1, 1993.)
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