Wisconsin § 401.204 - Value.
Full text of Wisconsin Wisconsin Statutes § 401.204 — Value., with citation guidance and answers to common questions.
§ 401.204. Value.
Except as otherwise provided in chs. 403 , 404 , and 405 , a person gives value for rights if the person acquires them under any of the following circumstances: 401.204(1) (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. 401.204(2) (2) As security for, or in total or partial satisfaction of, a preexisting claim. 401.204(3) (3) By accepting delivery under a preexisting contract for purchase. 401.204(4) (4) In return for any consideration sufficient to support a simple contract. 401.204 History History: 2009 a. 320 ; 2011 a. 257 .
Frequently Asked Questions About Wisconsin § 401.204
What does Wisconsin Statutes § 401.204 cover?
Section 401.204 ("Value.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. 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 Wisconsin § 401.204?
A common citation format is "Wisconsin Statutes § 401.204" (Wisconsin). 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 Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 401.204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin 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 Wisconsin.