Ohio Code § 1301.204
Ohio Code § 1301.204. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1301.204.
Except as otherwise provided in Chapters 1303., 1304., and 1305. of the Revised Code,
a person gives value for rights if the person acquires them: (A) In return for a binding commitment to extend credit or for the extension of immediately
available credit, whether or not drawn upon and whether or not a charge-back is provided
for in the event of difficulties in collection; (B) As security for, or in total or partial satisfaction of, a preexisting claim; (C) By accepting delivery under a preexisting contract for purchase; or (D) In return for any consideration sufficient to support a simple contract.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1301.204
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1301.204?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1301.204 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1301.204 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.