Colorado § 4-1-204 - Value.
Full text of Colorado Colorado Revised Statutes § 4-1-204 — Value., with citation guidance and answers to common questions.
§ 4-1-204. Value.
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.
Source: L. 2006: Entire article R&RE, p. 465, § 1, effective September 1. L. 2023: IP amended, (SB 23-090), ch. 136, p. 526, § 2, effective August 7.
Editor's note: This section is similar to former § 4-1-201 (44) as it existed prior to 2006.
Frequently Asked Questions About Colorado § 4-1-204
What does Colorado Revised Statutes § 4-1-204 cover?
Section 4-1-204 ("Value.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 4-1-204?
A common citation format is "Colorado Revised Statutes § 4-1-204" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 4-1-204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.