{"data":{"id":"us-sd/sdcl-57a-1-204","jurisdiction":"us-sd","citation":"SDCL § 57A-1-204","heading":"Value.","body":"Except as otherwise provided in chapters 57A-3, 57A-4, 57A-5, 57A-6, and 57A-12, 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 any consideration sufficient to support a simple contract.\nSource: SL 2008, ch 259, § 12; SL 2024, ch 198, § 2.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-1. GENERAL PROVISIONS"],"source_url":"https://sdlegislature.gov/Statutes/57A-1-204","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"48207fa8efd9c8afc56a7ca3ae9e3d463ab025b99e9f452592a19b0e420c669f","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-1-203","next":"us-sd/sdcl-57a-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}