810 ILCS 5/4-211

810 ILCS 5/4-211
in effect
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(810 ILCS 5/4-211) (from Ch. 26, par. 4-211) Sec. 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. (Source: P.A. 87-582; 87-1135.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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