Web(1) physical additions or changes to the asset; (2) repairs to the asset; (3) payment of any tax on the asset; (4) payment of any debt secured by a lien on the asset that is superior or equal to the rights of a voiding creditor under TUFTA; and (5) preservation of the asset Tex. Bus. & Com. Code §24.009 (c). WebAt least twenty-five jurisdictions have adopted some version of UFTA. at Prefatory . Id. Note. Texas joined that group in 1987. EX. B. US. & CT. OM. C. ODE. ch. 24. TUFTA’s purpose …
IN THE SUPREME COURT OF TEXAS - Texas Appellate
WebThe Texas Supreme Court answered the question on April 1, 2016, after discussing the statutory purpose and reviewing what other federal and state courts have done. According to the court, the UFTA “does not contain separate standards for accessing ‘value’ and ‘reasonably equivalent value’ based on whether the debtor was operating a Ponzi scheme…. Webfiled the present suit, in a Texas court, under the Texas UFTA (TUFTA), again alleging that Baergen had fraudulently transferred assets to Nathan. Nathan moved for summary judgment, arguing that TUFTA’s four-year statute of repose extinguished Whittington’s claim. See T EX. B US. & C OM. C ODE § 24.010(a)(1) (1993). The trial court agreed ... ethiopian airlines b787 aircraft
Delaware Uniform Fraudulent Transfer Act – Harvard Law School ...
WebThe UFTA regulations will likely be involved in such an investigation, too, since UFTA violations and quit-claim deeds are so often found going hand in hand. Hiring a lawyer is strongly recommended so you can be sure you do not get yourself into serious financial and legal trouble by trying to use a quit claim deed in violation of the Uniform Fraudulent … Web13 Apr 2024 · Law. set of laws adopted in 1984 by a national commission on uniform state laws and intended to replace the Uniform Fraudulent Conveyance Act. Changes to the … Web16 Jan 2024 · Texas’s Uniform Fraudulent Transfer Act (UFTA) is designed to protect creditors from being defrauded by unscrupulous debtors: aggrieved creditors may “claw … fire place heater lowes