RSA 382-A:1-204: Value.
Where this section sits in the code
- Title XXXIV-A: UNIFORM COMMERCIAL CODE
- Chapter Part 2: General Definitions and Principles of Interpretation
Except as otherwise provided in Articles 3, 4, 5, 6, and 12, a person gives value for rights if the person acquires them:
(1) in return for a binding commitment to extend credit or for the extension of immediately available credit, whether or not drawn upon and whether or not a charge-back is provided for in the event of difficulties in collection;
(2) as security for, or in total or partial satisfaction of, a preexisting claim;
(3) by accepting delivery under a preexisting contract for purchase; or
(4) in return for any consideration sufficient to support a simple contract.
Collected 2026-09-05T15:43:59Z. Source file · JSON