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Texas Insurance Code - Not Codified - Section 21A.206. Receiver As Lien Creditor

Legal Research Home > Texas Lawyer > Insurance Code - Not Codified > Texas Insurance Code - Not Codified - Section 21A.206. Receiver As Lien Creditor

Sec. 21A.206. RECEIVER AS LIEN CREDITOR.  (a) The receiver
may avoid any transfer of or lien upon the property of, or
obligation incurred by, an insurer that the insurer or a
policyholder, creditor, member, or stockholder of the insurer may
have avoided without regard to any knowledge of the receiver, the
commissioner, the insurer, or any policyholder, creditor, member,
or stockholder of the insurer regardless of whether such a
policyholder, creditor, member, or stockholder exists.
	(b)  The receiver is deemed a creditor without knowledge for
purposes of pursuing claims under the Uniform Fraudulent Transfer
Act, the Uniform Fraudulent Conveyance Act, or similar provisions
of state or federal law.

Added by Acts 2005, 79th Leg., ch. 995, Sec. 1, eff. Sept. 1, 2005.

Last modified: August 11, 2007