California Commercial Code — Bank Deposits And Collections — Collection Of Items: Depositary And Collecting Banks — When bank gives value for purposes of holder in due course

Current through the 2016 Legislative Session

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.