Utah Code § 25-6-104
Value -- Transfer
Utah · Utah Code Title 25 — Fraud · Status: effective
Cite this
- Citation
- Utah Code § 25-6-104, Value -- Transfer, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2331768
- Permanent ID
ys:prov:2331768@1- SHA-256
cbbf6124bde8be5c3b5d4b0b751fa0e31ec04e2b9851c2b08bfdcaed52175403
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) 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. However, value does not include an unperformed promise made other than in the ordinary course of the promisor's business to furnish support to the debtor or another person.
(2) Under Subsection 25-6-202(1)(b) and Section 25-6-203, 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.
(3) 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 substantially contemporaneous.