Illinois Compiled Statutes 740 Civil Liabilities: Article -

• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 1
  This Act shall be known and may be cited as the Uniform Fraudulent Transfer Act. (Source: P.A. 86-814.)
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 2
  As used in this Act: (a) "Affiliate" means: (1) a person who directly or indirectly owns, controls, or holds with power to vote, 20%...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 3
  (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....
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 4
  (a) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 5
  (a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor's claim arose before or after...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 6
  (a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 7
  For the purposes of this Act: (a) a transfer is made: (1) with respect to an asset that is real property other than a...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 8
  (a) In an action for relief against a transfer or obligation under this Act, a creditor, subject to the limitations in Section 9, may...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 9
  (a) A transfer or obligation is not voidable under paragraph (1) of subsection (a) of Section 5 against a person who took in good...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 10
  A cause of action with respect to a fraudulent transfer or obligation under this Act is extinguished unless action is brought: (a) under paragraph...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 11
  Unless displaced by the provisions of this Act, the principles of law and equity, including the law merchant and the law relating to principal...
• Illinois Uniform Fraudulent Transfer Act. - 740 ILCS 160, Section 12
  This Act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this...

Last modified: February 18, 2015