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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 104.1204: Value.

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Where this section sits in the code
  1. TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS
  2. CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES
  3. GENERAL PROVISIONS
  4. General Definitions and Principles of Interpretation

Except as otherwise provided in Articles 3, 4, 5 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 2026-09-03T05:51:31Z. Source file · JSON

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