6 chapters · 106 sections in this title.
KRS § 378A.005 Short title
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This chapter may be cited as the Kentucky Uniform Voidable Transactions Act.
KRS § 378A.010 Definitions for chapter
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As used in this chapter: (1) "Affiliate" means: (a) A person that directly or indirectly owns, controls, or holds with power to vote, twenty percent (20%) or more of the outstanding voting securities of the debtor, other than a person that holds the securities: 1. As a fiduciary …
KRS § 378A.020 Insolvency
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(1) A debtor is insolvent if, at a fair valuation, the sum of the debtor's debts is greater than the sum of the debtor's assets. (2) A debtor that is generally not paying the debtor's debts as they become due other than as a result of a bona fide dispute is presumed to be insolve…
KRS § 378A.030 Value
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(1) 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 course of the promisor's…