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Georgia Commons

Código Oficial de Georgia Anotado

Título 11. COMMERCIAL CODE · Capítulo 3. · Artículo 3. NEGOTIABLE INSTRUMENTS · Parte 3. ENFORCEMENT OF INSTRUMENTS

11-3-303. Value and consideration.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    An instrument is issued or transferred for value if:#

    1. (1)

      The instrument is issued or transferred for a promise of performance, to the extent the promise has been performed;#

    2. (2)

      The transferee acquires a security interest or other lien in the instrument other than a lien obtained by judicial proceeding;#

    3. (3)

      The instrument is issued or transferred as payment of, or as security for, an antecedent claim against any person, whether or not the claim is due;#

    4. (4)

      The instrument is issued or transferred in exchange for a negotiable instrument; or#

    5. (5)

      The instrument is issued or transferred in exchange for the incurring of an irrevocable obligation to a third party by the person taking the instrument.#

  2. (b)

    “Consideration” means any consideration sufficient to support a simple contract. The drawer or maker of an instrument has a defense if the instrument is issued without consideration. If an instrument is issued for a promise of performance, the issuer has a defense to the extent performance of the promise is due and the promise has not been performed. If an instrument is issued for value as stated in subsection (a) of this Code section, the instrument is also issued for consideration.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 11-3-303, enacted by Ga. L. 1996, p. 1306, § 3.

Law reviews

For article discussing judicial activism in cases involving claims and defenses under the Uniform Commercial Code, see 17 Ga. L. Rev. 569 (1983).

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t11-(v9)-2022-pdf.pdf, Volumen V9, edición 2022, páginas 394 a 395; acción de fusión: carried; SHA-256 del archivo ad397fccbf21.