Effective 5/9/2017 25-6-302. Transfer — When made. In this chapter: (1) a transfer is made: (a) 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 […]
Effective 5/9/2017 25-6-303. Remedies of creditors. (1) In an action for relief against a transfer or obligation under this chapter, a creditor, subject to the limitations in Section 25-6-304, may obtain: (a) avoidance of the transfer or obligation to the extent necessary to satisfy the creditor’s claim; (b) an attachment or other provisional remedy against […]
Effective 5/9/2017 25-6-304. Good faith transfer. (1) Except as otherwise provided in this section, a transfer or obligation is not voidable under Subsection 25-6-202(1)(a) against a person that took in good faith and for a reasonably equivalent value given the debtor or against any subsequent transferee or obligee. (2) Except as otherwise provided in this […]
Effective 5/9/2017 25-6-305. Claim for relief — Time limits. A claim for relief regarding a transfer or obligation under this chapter is extinguished unless action is brought: (1) under Subsection 25-6-202(1)(a), no later than four years after the transfer was made or the obligation was incurred or, if later, no later than one year after […]
