Value. — Delaware Code § 1303
Delaware Code § 1303 — Value.. Reproduced from the official Delaware Code, with a citation summary, verification link, and related provisions.
§ 1303. 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 §§ 1304(a)(2) and 1305, 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.
70 Del. Laws, c. 434, § 1;Source: official Delaware text · Last verified 2026-08-27
At a glance
- Citation: Delaware Code § 1303
- Jurisdiction: Delaware
- Code: Delaware Code
- Subject: Value.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Delaware Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Delaware attorney.
Common questions
What is the source of Delaware Code § 1303?
The text above is transcribed from the Delaware Code, the codified statutes of Delaware. The official publisher link appears under "Verify the text" on this page.
What subject does Delaware Code § 1303 address?
It addresses "Value.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Delaware Code § 1303 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Delaware source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Delaware law to your facts requires a licensed Delaware attorney who can review the specifics.