---
title: O.C.G.A. § 11-4-211. When bank gives value for purposes of holder in due course.
collection: code
id: 11-4-211
cite_as: O.C.G.A. § 11-4-211 (2025)
canonical_url: https://georgiacommons.org/code/11-4-211
md_url: https://georgiacommons.org/code/11-4-211.md
text_url: https://georgiacommons.org/code/11-4-211/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=507
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/11-4.md
previous: https://georgiacommons.org/code/11-4-210.md
next: https://georgiacommons.org/code/11-4-212.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: "COMMERCIAL CODE / BANK DEPOSITS AND COLLECTIONS / COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS"
---

# O.C.G.A. § 11-4-211. 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 Code Section 11-3-302 on what constitutes a holder in due course.

## 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.