31A-27a-507. Receiver as lien creditor.
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Effective 5/9/2017
31A-27a-507. Receiver as lien creditor.
(1)The receiver may avoid a transfer of or lien on the property of, or obligation incurred by, an insurer that the insurer or a policyholder, creditor, member, or stockholder of the insurer:
(a)may have avoided without regard to any knowledge of:
(i)the receiver;
(ii)the commissioner;
(iii)the insurer; or
(iv)a policyholder, creditor, member, or stockholder of the insurer; and
(b)whether or not a policyholder, creditor, member, or stockholder described in this Subsection
(1)exists.
(2)The receiver is considered a creditor without knowledge for purposes of pursuing claims under:
(a)Title 25, Chapter 6, Uniform Voidable Transactions Act ; or
(b)similar provisions of state or federal law.
Amended by Chapter 204 , 2017 General Session