Title 52 — Title 52: Civil Actions

Sec. 52-552. Fraudulent conveyances, judgments, contracts, when void. Section 52-552 is repealed. (1949 Rev., S. 8295; P.A. 91-297, S. 13.)

Sec. 52-552a. Short title: Uniform Fraudulent Transfer Act. Sections 52-552a to 52-552l, inclusive, may be cited as the “Uniform Fraudulent Transfer Act”. (P.A. 91-297, S. 1.) Cited. 32 CA 537; 36 CA 305.

Sec. 52-552b. Definitions. As used in sections 52-552a to 52-552l, inclusive: (1) “Affiliate” means: (A) A person who directly or indirectly owns, controls or holds with power to vote, twenty per cent or more of the outstanding voting securities of the debtor, other than a person…

Sec. 52-552c. 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) A debtor who is generally not paying his debts as they become due is presumed to be insolvent. (c) A partnership is insolvent u…

Sec. 52-552d. 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 is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary cou…

Sec. 52-552e. Transfers fraudulent as to present creditors. (a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, if the creditor's claim arose before the transfer was made or the obligation was incurred and if the debtor made the transfer or incu…

Sec. 52-552f. 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 the obligation was incurred if the debtor made the transfer or incurred the obligati…

Sec. 52-552g. When transfer is made or obligation is incurred. For the purposes of sections 52-552a to 52-552l, inclusive: (1) A transfer is made: (A) With respect to an asset that is real property other than a fixture, but including the interest of a seller or purchaser under a …

Sec. 52-552h. Remedies of creditors. (a) In an action for relief against a transfer or obligation under sections 52-552a to 52-552l, inclusive, a creditor, subject to the limitations in section 52-552i, may obtain: (1) Avoidance of the transfer or obligation to the extent necessa…

Sec. 52-552i. Defenses, liability and protection of transferee. (a) A transfer or obligation is not voidable under subdivision (1) of subsection (a) of section 52-552e against a person who took in good faith and for a reasonably equivalent value. (b) Except as otherwise provided …

Sec. 52-552j. Extinguishment of cause of action. A cause of action with respect to a fraudulent transfer or obligation under sections 52-552a to 52-552l, inclusive, is extinguished unless action is brought: (1) Under subdivision (1) of subsection (a) of section 52-552e, within fo…

Sec. 52-552k. Supplementary provisions. Unless displaced by the provisions of sections 52-552a to 52-552l, inclusive, the principles of law and equity, including the law merchant and the law relating to principal and agent, estoppel, laches, fraud, misrepresentation, duress, coer…

Sec. 52-552l. Uniformity of application and construction. Sections 52-552a to 52-552k, inclusive, shall be applied and construed to effectuate their general purpose to make uniform the law with respect to the subject of said sections among states enacting them. (P.A. 91-297, S. 1…