Wyoming Statutes
§ 34.1-3-303 — Value and consideration
(a)An instrument is issued or transferred for value if:
(i)The instrument is issued or transferred for a
promise of performance, to the extent the promise has been
performed;
(ii)The transferee acquires a security interest or
other lien in the instrument other than a lien obtained by
judicial proceeding;
(iii)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;
(iv)The instrument is issued or transferred in
exchange for a negotiable instrument;
(v)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; or
(vi)The holder is a registered clearing corporation
and makes the initial entry of the ins
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Related
Prudential Preferred Properties v. J and J Ventures, Inc.
859 P.2d 1267 (Wyoming Supreme Court, 1993)
Nearby Sections
15
§ 34.1-1-101
Short titles§ 34.1-1-102
Scope of article§ 34.1-1-104
Construction against implied repeal§ 34.1-1-105
Severability§ 34.1-1-106
Use of singular and plural; gender§ 34.1-1-107
Section captions§ 34.1-1-201
General definitions§ 34.1-1-202
Notice; knowledge§ 34.1-1-203
Lease distinguished from security interest§ 34.1-1-204
Value§ 34.1-1-205
Reasonable time; seasonableness§ 34.1-1-206
Presumptions