Value — Maine Code § 3574.
Maine Code § 3574. — Value. Reproduced from the official Maine Revised Statutes, with a citation summary, verification link, and related provisions.
§ 3574.. Value
1. Value defined. 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. Reasonably equivalent value; foreclosure. For the purposes of section 3575, subsection 1, paragraph B, and section 3576, 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. Contemporaneous transfer. 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.
Source: official Maine text · Last verified 2026-08-27
At a glance
- Citation: Maine Revised Statutes § 3574.
- Jurisdiction: Maine
- Code: Maine Revised Statutes
- Subject: Value
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Maine Revised Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Maine attorney.
Common questions
What is the source of Maine Revised Statutes § 3574.?
The text above is transcribed from the Maine Revised Statutes, the codified statutes of Maine. The official publisher link appears under "Verify the text" on this page.
What subject does Maine Revised Statutes § 3574. address?
It addresses "Value". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Maine Revised Statutes § 3574. still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Maine source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Maine law to your facts requires a licensed Maine attorney who can review the specifics.