N.Y. UCC Law § 4-209
This is the official text of N.Y. UCC Law § 4-209, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
When Bank Gives Value for Purposes of Holder in Due Course
Official statutory text
Section 4--209. When Bank Gives Value for Purposes of Holder in Due\n Course.\n For purposes of determining its status as a holder in due course, the\nbank has given value to the extent that it has a security interest in an\nitem provided that the bank otherwise complies with the requirements of\nSection 3--302 on what constitutes a holder in due course.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.