Value.
Neb. U.C.C. § 1-204
in effectUCC 1-204. Value.
Except as otherwise provided in articles 3, 4, 5, and 12, 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.
Laws 2005, LB 570, § 17; Laws 2024, LB94, § 3.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/ucc.php?code=1-204Fetched: 10/20/2026