44-1005. Transfers fraudulent as to present creditors
72 words·~1 min read·
/az/title-44/44-1005A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A transfer made or obligation incurred by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation and the debtor was insolvent at that time or the debtor became insolvent as a result of the transfer or obligation.