# La. Rev. Stat. § 10:1-204: Value

> Louisiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-204

## Section

- **Citation:** La. Rev. Stat. § 10:1-204
- **Heading:** Value
- **Jurisdiction:** Louisiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** LA Code / Code revised-statutes / Title 10 / Section 1-204

## Text

Except as otherwise provided in Chapters 3, 4, 5, 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.

Added by Acts 1974, No. 92, §1, eff. Jan. 1, 1975 ; Acts 2006, No. 533, §1; Acts 2024, No. 773, §1.

## Nearby sections

- [La. Rev. Stat. § 10:1-101 Short titles](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-101.md)
- [La. Rev. Stat. § 10:1-102 Scope of Chapter](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-102.md)
- [La. Rev. Stat. § 10:1-103 Construction of Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-103.md)
- [La. Rev. Stat. § 10:1-104 Construction against implied repeal](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-104.md)
- [La. Rev. Stat. § 10:1-108 Relation to Electronic Signatures in Global and National Commerce Act](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-108.md)
- [La. Rev. Stat. § 10:1-201 General definitions](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-201.md)
- [La. Rev. Stat. § 10:1-202 Notice; knowledge](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-202.md)
- [La. Rev. Stat. § 10:1-203 Lease distinguished from security interest](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-203.md)
- [La. Rev. Stat. § 10:1-204 Value](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-204.md)
- [La. Rev. Stat. § 10:1-205 Reasonable time; seasonableness](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-205.md)
- [La. Rev. Stat. § 10:1-206 Presumptions](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-206.md)
- [La. Rev. Stat. § 10:1-301 Territorial applicability; parties' power to choose applicable law](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-301.md)
- [La. Rev. Stat. § 10:1-302 Variation by agreement](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-302.md)
- [La. Rev. Stat. § 10:1-303 Course of performance, course of dealing, and usage of trade](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-303.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T10_S1-204. Check the current official text before relying on it. Not legal advice.