™Your Policy Risk Impact Agent
25 chapters · 359 sections in this title.
28 V.I.C. § 171 Definitions
13.2K chars
(1) As used in this chapter:(1) “Affiliate” means 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 fiduciary or agent witho…
28 V.I.C. § 172 Insolvency
0.9K chars
(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 debts as they become due is presumed to be insolvent. (c) A partnership is insolvent under subsection (a) if the su…
28 V.I.C. § 173 Value
0.9K chars
(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 the promisor's…
28 V.I.C. § 174 Transfers fraudulent as to present and future creditors
3.7K chars
(a) A transfer made or obligation incurred by a debtor is fraudulent 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 made the transfer or incurred the obligation:(1) with actual intent to hin…
