§5105. Transfers fraudulent as to present creditors.  


Latest version.
  • A transfer made or obligation incurred by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation and the debtor was insolvent at that time or the debtor became insolvent as a result of the transfer or obligation.

Notation

Cross References.  Section 5105 is referred to in sections 5103, 5108, 5109 of this title.