Colo. Rev. Stat. § 4-1-204
Value
Colorado · Colorado Revised Statutes Title 4 — Uniform Commercial Code · Status: effective
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- Citation
- Colo. Rev. Stat. § 4-1-204, Value, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2282734
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Full text
Except as otherwise provided in articles 3, 4, 5, 6, and 12 of this title 4, 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.