South Dakota § 57A-1-204 Value.

South Dakota Statutes

§ 57A-1-204 — Value.

South Dakota § 57A-1-204

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57AGENERAL PROVISIONS

This text of South Dakota § 57A-1-204 (Value.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-1-204 (2026).

Text

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:

(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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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: (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.