Section 11-4-211. When bank gives value for purposes of holder in due course  


Latest version.
  •    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 Code Section 11-3-302 on what constitutes a holder in due course.
Code 1933, § 109A-4--209, enacted by Ga. L. 1962, p. 156, § 1; Code 1981, § 11-4-211, as redesignated by Ga. L. 1996, p. 1306, § 9.