Texas Business And Commerce Code Title 3, Chapter 24 - Uniform Fraudulent Transfer Act

• Texas Section 24.001 - Short Title
  This chapter may be cited as the Uniform Fraudulent Transfer Act. Amended by Acts 1987, 70th Leg., ch. 1004, Sec. 1, eff. Sept. 1, 1987.
• Texas Section 24.002 - Definitions
  In this chapter: (1) "Affiliate" means: (A) a person who directly or indirectly owns, controls, or holds with power to vote, 20 percent or more...
• Texas Section 24.003 - 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)...
• Texas Section 24.004 - Value
  (a) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt...
• Texas Section 24.005 - Transfers Fraudulent As To Present And Future Creditors
  (a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor's claim arose before or within a...
• Texas Section 24.006 - Transfers Fraudulent As To Present Creditors
  (a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made or...
• Texas Section 24.007 - When Transfer Is Made Or Obligation Is Incurred
  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,...
• Texas Section 24.008 - Remedies Of Creditors
  (a) In an action for relief against a transfer or obligation under this chapter, a creditor, subject to the limitations in Section 24.009 of this...
• Texas Section 24.009 - Defenses, Liability, And Protection Of Transferee
  (a) A transfer or obligation is not voidable under Section 24.005(a)(1) of this code against a person who took in good faith and for a...
• Texas Section 24.010 - Extinguishment Of Cause Of Action
  (a) Except as provided by Subsection (b) of this section, a cause of action with respect to a fraudulent transfer or obligation under this chapter...
• Texas Section 24.011 - 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...
• Texas Section 24.012 - 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...
• Texas Section 24.013 - Costs
  In any proceeding under this chapter, the court may award costs and reasonable attorney's fees as are equitable and just. Added by Acts 2003, 78th...

Last modified: September 28, 2016