54-8A-7. Remedies of creditors.

156 words·~1 min read·/sd/title-54/chapter-54-8/54-8a-7

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)In an action for relief against a transfer or obligation under this chapter, a creditor, subject to the limitations in § 54-8A-8 , may obtain:

(1)Avoidance of the transfer or obligation to the extent necessary to satisfy the creditor's claim;

(2)An attachment or other provisional remedy against the asset transferred or other property of the transferee;

(3)Subject to applicable principles of equity and in accordance with applicable rules of civil procedure,

(i)An injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property;

(ii)Appointment of a receiver to take charge of the asset transferred or of other property of the transferee; or

(iii)Any other relief the circumstances may require.

(b)If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.