Transfers fraudulent as to present and future creditors
Sec. 14. A transfer made or an 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:
(1) with actual intent to hinder, delay, or defraud any creditor
of the debtor; or
(2) without receiving a reasonably equivalent value in exchange
for the transfer or obligation, and the debtor:
(A) was engaged or was about to engage in a business or a
transaction for which the remaining assets of the debtor were
unreasonably small in relation to the business or transaction;
or
(B) intended to incur or believed or reasonably should have
believed that the debtor would incur debts beyond the
debtor's ability to pay as the debts became due.
As added by P.L.2-2002, SEC.3.
Last modified: May 24, 2006