§ 34-14-204 — Value

Wyoming § 34-14-204

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 14: FRAUDULENT TRANSFERS
• Art. 2: UNIFORM FRAUDULENT TRANSFER ACT

Text

(a) Value is given for a transfer or an obligation if, in
exchange for the transfer or obligation, property is transferred
or an antecedent debt is secured or satisfied, but value does
not include an unperformed promise made otherwise than in the
ordinary course of the promisor's business to furnish support to
the debtor or another person.
(b) For the purposes of W.S. 34-14-205(a)(ii) and
34-14-206, a person gives a reasonably equivalent value if the
person acquires an interest of the debtor in an asset pursuant
to a regularly conducted, noncollusive foreclosure sale or
execution of a power of sale for the acquisition or disposition
of the interest of the debtor upon default under a mortgage,
deed of trust or security agreement.
(c) A transfer is made for present value if the exchange
between the debtor and the transferee is intended by them to be
contemporaneous and is in fact substantially contemporaneous.