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 section 684.4, subsection 1, paragraph “b”, and section 684.5, 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.
94 Acts, ch 1121, §7
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Notes of Decisions
In Re Schaefer (2005)
ianb · cites it 9×
“The Iowa UFTA defines "value" as follows: 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…”
Sergeant v. G.R.D. Investments L.L.C. (Schaefer) (2005)
ianb · cites it 9×
“The Iowa UFTA defines “value” as follows: 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…”
— Iowa Code § 684.3(1) — 2 cases
In Re Schaefer (2005)
ianb
“The Iowa UFTA defines "value" as follows: 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…”
Sergeant v. G.R.D. Investments L.L.C. (Schaefer) (2005)
ianb
“The Iowa UFTA defines “value” as follows: 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…”
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treatment. Dots show Syfertize treatment of the citing case itself.