Official Code of Georgia Annotated

Title 11. COMMERCIAL CODE · Chapter 4. · Article 4. BANK DEPOSITS AND COLLECTIONS · Part 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

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

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

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.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

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.

Editor's notes

Ga. L. 1996, p. 1306, § 10, effective July 1, 1996, renumbered former Code Section 11-4-209 as present Code Section 11-4-211 and renumbered former Code Section 11-4-211 as present Code Section 11-4-213.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t11-(v9)-2022-pdf.pdf, Volume V9, 2022 edition, page 507; merge action: carried; file SHA-256 ad397fccbf21.