Georgia Statutes
§ 11-3-303 — Value and consideration
Georgia § 11-3-303
JurisdictionGeorgia
Title11
This text of Georgia § 11-3-303 (Value and consideration) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
O.C.G.A. § 11-3-303 (2026).
Text
(a)An instrument is issued or transferred for value if:
(1)The instrument is issued or transferred for a promise of performance, to the extent the promise has been performed;
(2)The transferee acquires a security interest or other lien in the instrument other than a lien obtained by judicial proceeding;
(3)The instrument is issued or transferred as payment of, or as security for, an antecedent claim against any person, whether or not the claim is due;
(4)The instrument is issued or transferred in exchange for a negotiable instrument; or (5) The instrument is issued or transferred in exchange for the incurring of an irrevocable obligation to a third party by the person taking the instrument.
(b)"Consideration" means any consideration sufficient to support a simple contract. The drawer
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Related
Fedeli v. UAP/Ga. Ag. Chem., Inc.
514 S.E.2d 684 (Court of Appeals of Georgia, 1999)
Bonem v. Golf Club of Georgia, Inc.
591 S.E.2d 462 (Court of Appeals of Georgia, 2003)
Brown v. McGriff
567 S.E.2d 374 (Court of Appeals of Georgia, 2002)
Bank South, N.A. v. Midstates Group, Inc.
364 S.E.2d 58 (Court of Appeals of Georgia, 1987)
Union Planters National Bank v. Crook
484 S.E.2d 327 (Court of Appeals of Georgia, 1997)
Stebbins v. Georgia Power Co.
555 S.E.2d 906 (Court of Appeals of Georgia, 2001)
Smith v. Thigpen
680 S.E.2d 604 (Court of Appeals of Georgia, 2009)
Hall v. Prosero, Inc.
774 S.E.2d 216 (Court of Appeals of Georgia, 2015)
Nearby Sections
15
§ 11-1-101
Short titles§ 11-1-102
Scope of article§ 11-1-104
Construction against implicit repeal§ 11-1-105
Severability§ 11-1-106
Use of singular and plural; gender§ 11-1-107
Section captions§ 11-1-201
General definitions§ 11-1-202
Notice; knowledge§ 11-1-204
Value§ 11-1-205
Reasonable time; seasonableness§ 11-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Georgia § 11-3-303, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/11-3-303.