Nev. Rev. Stat. § 104.1204

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 104.1204 - Value

Except as otherwise provided in Articles 3, 4, 5 and 12, 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.

NRS 104.1204

Added to NRS by 2005, 830

Amended by 2023, Ch. 505,§26, eff. 10/1/2023.

Added to NRS by 2005, 830