2 chapters · 28 sections in this title.
Utah Code § 25-6-101 Title.
0.1K chars
25-6-101. Title. (1) This chapter is known as the "Uniform Voidable Transactions Act." (2) This part is known as "General Provisions."
Utah Code § 25-6-102 Definitions.
5.6K chars
25-6-102. Definitions. As used in this chapter: (1) "Affiliate" means: a person that directly or indirectly owns, controls, or holds with power to vote, 20% or more of the outstanding voting securities of the debtor, other than a person that holds the securities: as a fiduciary o…
Utah Code § 25-6-103 Insolvency.
0.9K chars
25-6-103. Insolvency. (1) A debtor is insolvent if, at fair valuation, the sum of the debtor's debts is greater than all 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 presum…
Utah Code § 25-6-104 Value -- Transfer.
0.9K chars
25-6-104. Value -- Transfer. (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. However, value does not include an unperformed promise made other than in the ord…