Michigan § 440.4211 - Bank with security interest as holder in due course.
Full text of Michigan Michigan Compiled Laws § 440.4211 — Bank with security interest as holder in due course., with citation guidance and answers to common questions.
§ 440.4211. Bank with security interest as 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 3302 on what constitutes a holder in due course.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.4211
What does Michigan Compiled Laws § 440.4211 cover?
Section 440.4211 ("Bank with security interest as holder in due course.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.4211?
A common citation format is "Michigan Compiled Laws § 440.4211" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.4211 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.