§ 15-3-119. Rules of construction
This article shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this article among states enacting it.
§ 15-3-121. Short title
Sections 15-3-101 through 15-3-121 may be cited as the “Uniform Fraudulent Transfer Act.”
§ 15-3-15. Effect of chapter on rules of evidence or presumptions of law
Except as especially provided, nothing contained in this article, nor any act thereunder, shall change or affect the present rules of evidence or the present presumptions of law.
§ 15-3-101. Definitions
The following words and phrases shall have the meanings ascribed herein, unless the context clearly indicates otherwise: “Affiliate” means: A person who directly or indirectly owns, controls or holds with power to vote, twenty percent (20%) or more of the outstanding voting securities of the debtor, other than a person who holds the securities, 1. […]
§ 15-3-103. Debtor insolvency; partnership insolvency; excluded assets; excluded debts
A debtor is insolvent if the sum of the debtor’s debts is greater than all of the debtor’s assets, at a fair valuation. A debtor who generally is not paying his or her debts as they become due is presumed to be insolvent. A partnership is insolvent under subsection (1) if the sum of the […]
§ 15-3-105. Value specified
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 […]
§ 15-3-107. Fraudulent transfers as to present and future creditors; determination of actual intent; rebuttable presumption of fraud
A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor’s claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation with actual intent to hinder, delay or defraud any creditor of the debtor. […]
§ 15-3-109. Determination of when a transfer is made or obligation incurred
For the purposes of this article: A transfer is made: With respect to an asset that is real property other than a fixture, but including the interest of a seller or purchaser under a contract for the sale of the asset, when the transfer is so far perfected that a good-faith purchaser of the asset […]
§ 15-3-111. Creditor remedies
In an action for relief against a transfer or obligation under this article, a creditor, subject to the limitations in Section 15-3-113, may obtain: Avoidance of the transfer or obligation to the extent necessary to satisfy the creditor’s claim; An attachment or other provisional remedy against the asset transferred or other property of the transferee; […]
§ 15-3-113. Transferee defenses, liability and protection
A transfer or obligation is not voidable under Section 15-3-107(1) against a person who took in good faith and for a reasonably equivalent value or against any subsequent transferee or obligee. Except as otherwise provided in this section, to the extent a transfer is voidable in an action by a creditor under Section 15-3-111(1)(a), the […]