Vermont § 204 - § 1—204.
Full text of Vermont Vermont Statutes Online § 204 — § 1—204., with citation guidance and answers to common questions.
§ 204. § 1—204.
- Value Except as otherwise provided in Articles 3, 4, 5, 6, and 12 of this title, 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. (Amended 2007, No. 99 (Adj. Sess.), § 2; 2025, No. 17, § 1, eff. July 1, 2025.)
Frequently Asked Questions About Vermont § 204
What does Vermont Statutes Online § 204 cover?
Section 204 ("§ 1—204.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 204?
A common citation format is "Vermont Statutes Online § 204" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.