Vermont § 2287 - Value

§ 2287. Value

• (a) 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,
  but value does not include an unperformed promise made otherwise than in the ordinary
  course of the promisor’s business to furnish support to the debtor or another person. (b) For the purposes of subdivision 2288(a)(2) and section 2289 of this title, a person gives a reasonably equivalent value if the person acquires an interest
  of the debtor in an asset pursuant to a regularly conducted, nonconclusive 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. (c) 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 in fact substantially contemporaneous. (Added 1995, No. 179 (Adj. Sess.), § 14.)