Examination of assignor or transferee
Sec. 15. (a) If a creditor or the trustee, by verified petition, asks
the court for the examination of the assignor or any person to whom
any part of the person's property has been transferred within six (6)
months before the assignment, the circuit or superior court may issue
an order for the examination of:
(1) the assignor;
(2) a person or officer of a corporation to whom a transfer is
believed to have been fraudulently made;
(3) a a person or officer of an association to whom a transfer is
believed to have been fraudulently made; and
(4) a person alleged to have been concerned in the transfer.
(b) A person described in subsection (a) may be brought before
the court and, on oath, be compelled to answer all questions put to
the person pertinent to the alleged transaction. The court may stay
further transfers and subject property that has been fraudulently
withheld or transferred to the operation of the general trust. The
assignor or person shall be interrogated or be compelled to answer all
questions concerning the disposition of the property of the assignor.
The assignor may be interrogated and compelled to answer all
questions concerning the management of the assignor's business and
affairs for the six (6) months before the assignment. The assignor
shall be compelled to produce all books, papers, and accounts in
reference to the assignor's business affairs during the six (6) months
preceding the assignment.
As added by P.L.2-2002, SEC.3.
Last modified: May 24, 2006