K.S.A. » Chapter 33
Kansas Statutes Annotated

K.S.A. § 33-203 (2026)

Value

✓ current as of May 2026
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33-203. Value. (a) 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.

(b) For the purposes of subsection (a)(2) of K.S.A. 33-204 and 33-205, 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.

(c) 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: L. 1998, ch. 13, § 3; January 1, 1999.

Notes of Decisions
Cited in 2 cases, 2012–2018 · leading case: Wells Fargo Vendor Fin. Servs., LLC v. Nationwide Learning, LLC, 429 P.3d 221 (Kan. Ct. App. 2018).
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Wells Fargo Vendor Fin. Servs., LLC v. Nationwide Learning, LLC, 429 P.3d 221 (Kan. Ct. App. 2018). “Wells Fargo contends that its evidence showed Nationwide's value to be as high as $9.5 million. It challenges the correctness of the accounting assumptions and methods used to support the $2.”
Redmond v. Progressive Corp. (In re Brooke Corp.), 469 B.R. 68 (D. Kan. 2012). · cites it 2× “§ 548 (d)(2)(A); K.S.A. § 33-203(a). The Trustee bears the burden to show that the debtor received less than REV.”
— K.S.A. § 33-203(a) — 1 case
Redmond v. Progressive Corp. (In re Brooke Corp.), 469 B.R. 68 (D. Kan. 2012). “§ 548 (d)(2)(A); K.S.A. § 33-203(a). The Trustee bears the burden to show that the debtor received less than REV.”
— K.S.A. § 33-203(b) — 1 case
Wells Fargo Vendor Fin. Servs., LLC v. Nationwide Learning, LLC, 429 P.3d 221 (Kan. Ct. App. 2018). “Wells Fargo contends that its evidence showed Nationwide's value to be as high as $9.5 million. It challenges the correctness of the accounting assumptions and methods used to support the $2.”
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