Kansas § 84-1-204 Value

Kansas Statutes

§ 84-1-204 — Value

Kansas § 84-1-204

Ch. 84UNIFORM COMMERCIAL CODE

Art. 1GENERAL PROVISIONS

This text of Kansas § 84-1-204 (Value) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 84-1-204 (2026).

Text

Except as otherwise provided in articles 3 and 4 of chapter 84 of the Kansas Statutes Annotated, and amendments thereto, 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. Revisor's Note: Former section 84-1-204 was repealed by L. 2007, ch. 89, § 49 and the number reassigned to the current text.

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Except as otherwise provided in articles 3 and 4 of chapter 84 of the Kansas Statutes Annotated, and amendments thereto, 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.
Revisor's Note:
Former section 84-1-204 was repealed by L. 2007, ch. 89, § 49 and the number reassigned to the current text.