Value. — Washington Code § 19.40.031

Washington Code § 19.40.031 — Value.. Reproduced from the official Revised Code of Washington, with a citation summary, verification link, and related provisions.

§ 19.40.031. Value.

(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 RCW 19.40.041(1)(b) and 19.40.051, 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.
[ 2017 c 57 s 3; 1987 c 444 s 3.]

Notes

Effective date—1987 c 444: See note following RCW 19.40.011.

Source: official Washington text · Last verified 2026-08-27

At a glance

  • Citation: Revised Code of Washington § 19.40.031
  • Jurisdiction: Washington
  • Code: Revised Code of Washington
  • Subject: Value.
  • Text: transcribed from the official source (verify below)

Verify the text

Statute text is transcribed from the official Revised Code of Washington. Confirm it against the primary source before relying on it:

Not legal advice. Verify against the official source and consult a licensed Washington attorney.

Common questions

What is the source of Revised Code of Washington § 19.40.031?

The text above is transcribed from the Revised Code of Washington, the codified statutes of Washington. The official publisher link appears under "Verify the text" on this page.

What subject does Revised Code of Washington § 19.40.031 address?

It addresses "Value.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.

Is Revised Code of Washington § 19.40.031 still in force?

Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Washington source before relying on this text.

Can this page be used as legal advice?

No. This is a reference transcription for research. Applying Washington law to your facts requires a licensed Washington attorney who can review the specifics.

Nearby provisions in Washington