The 2023 Florida Statutes (including Special Session C)

Title XLI
STATUTE OF FRAUDS, FRAUDULENT TRANSFERS, AND GENERAL ASSIGNMENTS

Chapter 726
FRAUDULENT TRANSFERS

View Entire Chapter

F.S. 726.104

726.104 Value.—

(1) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of the promisor’s business to furnish support to the debtor or another person.

(2) For the purposes of ss. 726.105(1)(b) and 726.106, a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of sale for the acquisition or disposition of the interest of the debtor upon default under a mortgage, deed of trust, or security agreement.

(3) A transfer is made for present value if the exchange between the debtor and the transferee is intended by them to be contemporaneous and is in fact substantially contemporaneous.

History.—s. 4, ch. 87-79.

F.S. 726.104 on Google Scholar

F.S. 726.104 on Casetext

Amendments to 726.104

Arrestable Offenses / Crimes under Fla. Stat. 726.104

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 726.104.

Annotations, Discussions, Cases:

Cases from cite.case.law:

IN RE MONGELLUZZI, v., 591 B.R. 480 (Bankr. M.D. Fla. 2018)

. . . Section 726.104 and 11 U.S.C. § 548(d)(2) specifically define value as including satisfaction or securing . . . Stat. § 726.104. 11 U.S.C. § 548(d)(2)(A). In re Evergreen Sec., Ltd. , 319 B.R. 245, 254 (Bankr. . . .

IN RE MONGELLUZZI A. B. T. S. HO II, LLC HO, LLC YJNK II, YJNK XI CA, LLC ABTS LLC B. LLC HQ, LLC LLC U, LLC USL H LLC LLP YJNK III, YJNK VIII, LLC, v., 587 B.R. 392 (Bankr. M.D. Fla. 2018)

. . . . § 726.104(1). In re Evergreen Sec., Ltd. , 319 B.R. 245, 254 (Bankr. M.D. Fla. 2003). . . .

IN RE GOMEZ, v. M., 560 B.R. 866 (Bankr. S.D. Fla. 2016)

. . . . § 726.104(1). The Stock had no value. . . . Pursuant to Florida Statute § 726.104(3), if the transaction between the debtor and transferee “is intended . . . As provided by Florida Statute § 726.104(3), if the transaction between the debtor and transferee “is . . .

In PSN USA, INC. PSN v. LLC,, 615 F. App'x 925 (11th Cir. 2015)

. . . . § 726.104. . . .

In PSN USA, INC. PSN v. LLC,, 615 F. App'x 925 (11th Cir. 2015)

. . . . § 726.104. . . .

IN RE L. BERKMAN, v. K. In K. v., 517 B.R. 288 (Bankr. M.D. Fla. 2014)

. . . Section 726.104(1), Florida Statutes, states, in part, that Value is given for a transfer or an obligation . . . Stat. § 726.104(1) as a matter of law because legitimate, non-illusory antecedent debts were satisfied . . .

WELCH, v. SYNOVUS BANK,, 517 B.R. 269 (M.D. Fla. 2014)

. . . . § 726.104(1). . . .

NATIONAL MARITIME SERVICES, INC. v. F. STRAUB LLC, F., 979 F. Supp. 2d 1322 (S.D. Fla. 2013)

. . . Under Florida Statute Section 726.104(1), “[v]alue is given for a transfer ... if, in exchange for the . . .

In KANE KANE, A R. A v. J. N., 479 B.R. 617 (Bankr. S.D. Fla. 2012)

. . . . § 726.104. . . .

In J. PEARLMAN, s R. s v. s R. s v. Or s R. s v., 472 B.R. 115 (Bankr. M.D. Fla. 2012)

. . . . § 726.104; 11 U.S.C. § 548(d)(2)(A). See Perkins, 661 F.3d at 626. . Kipperman v. . . .

E. v., 134 T.C. 266 (T.C. 2010)

. . . Ann. sec. 726.104(1). . . . Ann. sec. 726.104(1), defining “value” for purposes of the FUFTA, is identical to UFTA sec. 3(a). . . .

W. WIAND, L. L. C. HKW LLC, HKW I LLC, v. J. WAXENBERG,, 611 F. Supp. 2d 1299 (M.D. Fla. 2009)

. . . . § 726.104(1). . . .

MANCHEC, LLC, a a v. MANCHEC a k a, 951 So. 2d 1026 (Fla. Dist. Ct. App. 2007)

. . . royalties from the aeronautical invention was an “unperformed promise” within the meaning of section 726.104 . . . the ordinary course of the promisor’s business to furnish support to the debtor or another person.” § 726.104 . . . of the future royalties of the invention was an “unperformed promise” within the meaning of section 726.104 . . . render an “unperformed promise” insufficient to qualify as “value given for a transfer” under section 726.104 . . . promise of future royalties was not a promise to furnish support for his father or "another person.” § 726.104 . . .

In VILSACK, R. v. O TBM, 356 B.R. 546 (Bankr. S.D. Fla. 2006)

. . . . § 726.104(3). While the Court finds that the Letter Agreement does not violate Fla. . . .

In SUNBEAM CORP. v. Co., 284 B.R. 355 (Bankr. S.D.N.Y. 2002)

. . . . §§ 726.103, 726.104, as containing analogous sections. . . . .

In CENTURY SATELLITE COMMUNICATIONS, INC. A. A. v. S. G. K. D. a v. A., 278 B.R. 577 (Bankr. M.D. Fla. 2002)

. . . . § 726.104, generally defines what value is, what is “reasonable equivalent value,” under the case law . . .

MING PROPERTIES, INC. v. STARDUST MARINE S. A. U. S. A. a U. S. A. a, 741 So. 2d 554 (Fla. Dist. Ct. App. 1999)

. . . Section 726.104(1) states that “[v]alue is given for a transfer or an obligation if, in exchange for . . .

In GOLDBERG, L. v., 229 B.R. 877 (Bankr. S.D. Fla. 1998)

. . . UNDER § 726.106(1) OR § 726.105(l)(b) BECAUSE THE DEBTOR RECEIVED REASONABLY EQUIVALENT VALUE UNDER § 726.104 . . . Section 726.104(1) specifically defines value to include the satisfaction of an antecedent debt. . . . See Fla.Stat. § 726.106(1) (1997). .Section 726.104 defines "Value” as: (1) Value is given for a transfer . . . See Fla.Stat. § 726.104(1) (1997). . . . .

HUNTSMAN PACKAGING CORP. v. KERRY PACKAGING CORP. N. A., 992 F. Supp. 1439 (M.D. Fla. 1998)

. . . Fla.Stat. ch. 726.104(2) (1995) (emphasis added). . . .

MAPLEWOOD FARMS, INC. v. BAYWOOD MANOR FARMS, INC., 624 So. 2d 868 (Fla. Dist. Ct. App. 1993)

. . . The parties’ attention is invited to the terms of subsection 726.104(1), Florida Statutes (1991). . . .