There is a newer version of the Connecticut General Statutes
2005 Connecticut Code - Sec. 52-552d. Value.
Sec. 52-552d. 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.
(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.
(P.A. 91-297, S. 4.)
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