(1) A qualified affidavit shall state that:(1) The transferor has full right, title, and authority to transfer the assets to the trust;(2) The transfer of the assets to the trust will not render the transferor insolvent;(3) The transferor does not intend to defraud a creditor by transferring the assets to the trust;(4) The transferor does not have any pending or threatened court actions against the transferor, except for those court actions identified by the transferor on an attachment to the affidavit;(5) The transferor is not involved in any administrative proceedings, except for those administrative proceedings identified on an attachment to the affidavit;(6) The transferor does not contemplate filing for relief under the federal bankruptcy code; and(7) The assets being transferred to the trust were not derived from unlawful activities.
(1) The transferor has full right, title, and authority to transfer the assets to the trust;
(2) The transfer of the assets to the trust will not render the transferor insolvent;
(3) The transferor does not intend to defraud a creditor by transferring the assets to the trust;
(4) The transferor does not have any pending or threatened court actions against the transferor, except for those court actions identified by the transferor on an attachment to the affidavit;
(5) The transferor is not involved in any administrative proceedings, except for those administrative proceedings identified on an attachment to the affidavit;
(6) The transferor does not contemplate filing for relief under the federal bankruptcy code; and
(7) The assets being transferred to the trust were not derived from unlawful activities.