78 chapters · 744 sections in this title.
09 V.S.A. ch. 057, § 2285 Definitions
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§ 2285. Definitions As used in this chapter: (1) “Affiliate” means: (A) a person who directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities: (i) as a f…
09 V.S.A. ch. 057, § 2286 Insolvency
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§ 2286. Insolvency (a) 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. (b) A debtor who is generally not paying his or her debts as they become due other than as a result of a bona fide dispute is presum…
09 V.S.A. ch. 057, § 2287 Value
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§ 2287. 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 course of …
09 V.S.A. ch. 057, § 2288 Transfer or obligation voidable as to present or future creditor
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§ 2288. Transfer or obligation voidable as to present or future creditor (a) A transfer made or obligation incurred by a debtor is voidable as to a creditor, whether the creditor’s claim arose before or after the transfer was made or the obligation was incurred, if the debtor mad…