Code of Alabama - Title 8: Commercial Law and Consumer Protection - Chapter 9A - Alabama Fraudulent Transfer Act

• Section 8-9A-1 Definitions
  As used in this chapter: (1) AFFILIATE. a. A person who directly or indirectly owns, controls, or holds with power to vote, 20 percent or...
• Section 8-9A-2 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)...
• Section 8-9A-3 Value
  (a) Value is given for a transfer if, in exchange for the transfer, property is transferred or an antecedent debt is secured or satisfied, but...
• Section 8-9A-4 Transfers fraudulent as to present and future creditors
  (a) A transfer made by a debtor is fraudulent as to a creditor, whether the creditor's claim arose before or after the transfer was made,...
• Section 8-9A-5 Transfers fraudulent as to present creditors
  (a) A transfer made by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made if the debtor made...
• Section 8-9A-6 When transfer is made
  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,...
• Section 8-9A-7 Remedies of creditors
  (a) In an action for relief against a transfer under this chapter, the remedies available to creditors, subject to the limitations in Section 8-9A-8, include:...
• Section 8-9A-8 Defenses, liability, and protection of transferee
  (a) A transfer is not voidable under Section 8-9A-4(a) against a person who took in good faith and for a reasonably equivalent value or against...
• Section 8-9A-9 Extinguishment of claim for relief
  A claim for relief with respect to a fraudulent transfer under this chapter is extinguished unless action is brought: (1) Under Section 8-9A-4(a) within 10...
• Section 8-9A-10 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...
• Section 8-9A-11 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...
• Section 8-9A-12 Short title
  This chapter may be cited as the "Alabama Uniform Fraudulent Transfer Act."

Last modified: May 3, 2021