Montana § 30-1-212 Value

Montana Statutes

§ 30-1-212 — Value

Montana § 30-1-212

Title 30TRADE AND COMMERCE

Ch. 1UNIFORM COMMERCIAL CODE GENERAL PROVISIONS

Part 2General Definitions and Principles of Interpretation

This text of Montana § 30-1-212 (Value) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 30-1-212 (2026).

Text

30-1-212 . Value. Except as otherwise provided in chapters 3 through 5 and 12A, 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.

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30-1-212 . Value. Except as otherwise provided in chapters 3 through 5 and 12A, 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.