<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-1-204 - Value.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sd8418afa4a86499da113c7eaffb1db97Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd8418afa4a86499da113c7eaffb1db97SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd8418afa4a86499da113c7eaffb1db97CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sd8418afa4a86499da113c7eaffb1db97Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; 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font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd8418afa4a86499da113c7eaffb1db97SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 57A-1-204 - Value."><meta property="og:description" content="SDLRC Codified Law 57A-1-204 - Value."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/57A-1-204"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sd8418afa4a86499da113c7eaffb1db97Normal"><a href="https://sdlegislature.gov/Statutes?Statute=57A-1-204" rel="noopener"><span class="sd8418afa4a86499da113c7eaffb1db97SENU">57A-1-204</span></a><span xml:space="preserve" class="sd8418afa4a86499da113c7eaffb1db97SENU">. </span><span class="sd8418afa4a86499da113c7eaffb1db97CL">Value.</span></p><p dir="ltr" class="sd8418afa4a86499da113c7eaffb1db97Statute"><span xml:space="preserve" class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">Except as otherwise provided in chapters </span><a href="https://sdlegislature.gov/Statutes?Statute=57A-3" rel="noopener"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">57A-3</span></a><span xml:space="preserve" class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes?Statute=57A-4" rel="noopener"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">57A-4</span></a><span xml:space="preserve" class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes?Statute=57A-5" rel="noopener"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">57A-5</span></a><span xml:space="preserve" class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes?Statute=57A-6" rel="noopener"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">57A-6</span></a><span xml:space="preserve" class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes?Statute=57A-12" rel="noopener"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">57A-12</span></a><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">, a person gives value for rights if the person acquires them:</span></p><p dir="ltr" class="sd8418afa4a86499da113c7eaffb1db97StatuteNumber1"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">(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;</span></p><p dir="ltr" class="sd8418afa4a86499da113c7eaffb1db97StatuteNumber1"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">(2)    As security for, or in total or partial satisfaction of, a preexisting claim;</span></p><p dir="ltr" class="sd8418afa4a86499da113c7eaffb1db97StatuteNumber1"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">(3)    By accepting delivery under a preexisting contract for purchase; or</span></p><p dir="ltr" class="sd8418afa4a86499da113c7eaffb1db97StatuteNumber1"><span class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont">(4)    In return for any consideration sufficient to support a simple contract.</span></p><p dir="ltr" class="sd8418afa4a86499da113c7eaffb1db97Normal"><span xml:space="preserve" class="sd8418afa4a86499da113c7eaffb1db97000000"> </span></p><p dir="ltr" class="sd8418afa4a86499da113c7eaffb1db97NoIndent"><span xml:space="preserve" class="sd8418afa4a86499da113c7eaffb1db97DefaultParagraphFont-000001">Source: </span><span class="sd8418afa4a86499da113c7eaffb1db97SCL">SL 2008, ch 259, § 12; SL 2024, ch 198, § 2.</span></p></div></body></html>