Texas Insurance Code - Section 442.253. Avoidance Of Transfer Or Lien; Recovery Of Property
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Texas Lawyer > Insurance Code > Texas Insurance Code - Section 442.253. Avoidance Of Transfer Or Lien; Recovery Of Property
§ 442.253. AVOIDANCE OF TRANSFER OR LIEN; RECOVERY OF
PROPERTY. The receiver may:
(1) avoid a transfer of or lien on the assets of an
insurer that a creditor, shareholder, or member of the insurer
might have avoided; and
(2) recover the transferred property or the value of
that property from the person to whom the property was transferred
or from a person who received the property, unless the transferee or
recipient was a bona fide holder for value before the date of the
commencement of the proceeding.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 442.206 442.207 442.208 442.209 442.210 442.251 442.252 442.253 442.301 442.302 442.303 442.304 442.351 442.352 442.401
Last modified: August 10, 2007
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