Commercial Code - COM
DIVISION 4. BANK DEPOSITS AND COLLECTIONS [4101 - 4504]
( Division 4 enacted by Stats. 1963, Ch. 819. ) CHAPTER 2. Collection of Items: Depositary and Collecting Banks [4201 - 4216]
( Chapter 2 enacted by Stats. 1963, Ch. 819. ) 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.)