{"data":{"id":"us-ak/as-45.01.214","jurisdiction":"us-ak","citation":"AS 45.01.214","heading":"Value.","body":"Except as otherwise provided in AS 45.03, AS 45.04, and AS 45.05, a person gives value for rights if the person acquires them\n(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;\n(2) as security for, or in total or partial satisfaction of, a preexisting claim;\n(3) by accepting delivery under a preexisting contract for purchase; or\n(4) in return for consideration sufficient to support a simple contract.","path":["Title 45. Trade and Commerce.","Chapter 01. General Provisions.","Article 2. General Definitions and Principles of Interpretation."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.01.214","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"a1d3f64f966ea10e646e6585cc9f95f609ff3e7eef8b08607db7b16b114eb0d5","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.01.213","next":"us-ak/as-45.01.215"},"notice":"GroundRules: Original legal text. Not legal advice."}