Texas Business & Commerce Code - Chapter 24 Uniform Fraudulent Transfer Act

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Texas Business & Commerce Code Section 24.001 - Short Title
This chapter may be cited as the Uniform Fraudulent Transfer Act. Amended by Acts 1987, 70th Leg., ch. 1004, § 1, eff. Sept. 1, 1987. ...

Texas Business & Commerce Code Section 24.002 - Definitions
In this chapter: (1) "Affiliate" means: (A) a person who directly or indirectly owns, controls, or holds with power to vote, 20 percent or more ...

Texas Business & Commerce Code Section 24.003 - Insolvency
(a) 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. (b) ...

Texas Business & Commerce Code Section 24.004 - 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 ...

Texas Business & Commerce Code Section 24.005 - Transfers Fraudulent As To Present And Future Creditors
(a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor's claim arose before or within a ...

Texas Business & Commerce Code Section 24.006 - Transfers Fraudulent As To Present Creditors
(a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made or ...

Texas Business & Commerce Code Section 24.007 - When Transfer Is Made Or Obligation Is Incurred
For the purposes of this chapter: (1) a transfer is made: (A) with respect to an asset that is real property other than a fixture, ...

Texas Business & Commerce Code Section 24.008 - Remedies Of Creditors
(a) In an action for relief against a transfer or obligation under this chapter, a creditor, subject to the limitations in Section 24.009 of this ...

Texas Business & Commerce Code Section 24.009 - Defenses, Liability, And Protection Of Transferee
(a) A transfer or obligation is not voidable under Section 24.005(a)(1) of this code against a person who took in good faith and for a ...

Texas Business & Commerce Code Section 24.010 - Extinguishment Of Cause Of Action
(a) Except as provided by Subsection (b) of this section, a cause of action with respect to a fraudulent transfer or obligation under this chapter ...

Texas Business & Commerce Code Section 24.011 - Supplementary Provisions
Unless displaced by the provisions of this chapter, the principles of law and equity, including the law merchant and the law relating to principal and ...

Texas Business & Commerce Code Section 24.012 - Uniformity Of Application And Construction
This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter ...

Texas Business & Commerce Code Section 24.013 - Costs
In any proceeding under this chapter, the court may award costs and reasonable attorney's fees as are equitable and just. Added by Acts 2003, 78th ...

Last modified: August 11, 2007