W. Va. Code § 46-1-204
Value
West Virginia · West Virginia Code Chapter 46 — Uniform Commercial Code · Status: effective
Cite this
- Citation
- W. Va. Code § 46-1-204, Value, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2387239
- Permanent ID
ys:prov:2387239@1- SHA-256
1071528d9277520ced6486c616af27c6d9a014bbd36c919fd923cdec287b891f
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
Except as otherwise provided in articles 3, 4, and 5 of this chapter, 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.