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24.006(b), it is nevertheless a “good faith” transfer under Texas
law, because it was part of the usual business practices of JCC
and petitioner. Petitioner has shown by corroborated and
uncontroverted evidence that the making of advances by petitioner
for the corporation’s payroll and vendor costs was part of the
usual and regular business practice between the corporations and
himself. Accordingly, we hold that petitioner is not a
transferee.
We have considered all other arguments advanced by the
parties, and to the extent that we have not addressed these
arguments, we consider them irrelevant, moot, or without merit.
To reflect the foregoing,
Decision will be entered for
petitioner.
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