Tex. Bus. & Com. Code § 4.211

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 4.211 - When Bank Gives Value for Purposes of Holder in Due Course

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 3.302 on what constitutes a holder in due course.

Tex. Bus. and Comm. Code § 4.211

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. 9/1/1967. Renumbered from Sec. 4.209 and amended by Acts 1995, 74th Leg., ch. 921, Sec. 4, eff. 1/1/1996.