{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-204","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-204","heading":"\"Value\"","body":"\"Value\".\n\nExcept as otherwise provided in Articles 3, 4, 5, 6, and 12 of\n\nthe Uniform Commercial Code, a person gives value for rights if the\n\nperson acquires them:\n\n(1) in return for a binding commitment to extend credit or for\n\nthe extension of immediately available credit, whether or not drawn\n\nupon and whether or not a charge-back is provided for in the event\n\nof difficulties in collection;\n\n(2) as security for, or in total or partial satisfaction of, a\n\npreexisting claim;\n\n(3) by accepting delivery under a preexisting contract for\n\npurchase; or\n\n(4) in return for any consideration sufficient to support a\n\nsimple contract.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"082ffe201be0607a6663694eb19849037ccb8d43fcf27af6bbb92a28ad9739e8","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-203","next":"us-ok/okla.-stat.-tit.-12a-12a-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}