Cal. Commercial Code § 4211

California · California Commercial Code · Status: effective · Effective 1993-01-01

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Citation: Cal. Commercial Code § 4211, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790445
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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.