[CHAPTER 651C]

UNIFORM FRAUDULENT TRANSFER ACT

 

Section

   651C-1 Definitions

   651C-2 Insolvency

   651C-3 Value

   651C-4 Transfers fraudulent as to present and future creditors

   651C-5 Transfers fraudulent as to present creditors

   651C-6 When transfer is made or obligation is incurred

   651C-7 Remedies of creditors

   651C-8 Defenses, liability, and protection of transferee

   651C-9 Extinguishment of cause of action

  651C-10 Supplement of provisions

 

Case Notes

 

  Where a creditor alleges a fraudulent transfer of property from a judgment debtor to a transferee who retains title to the subject property or who claims an interest in the property or its proceeds, the transferee is a necessary party to any action seeking to set aside the transfer.  Such an action for relief against a transfer alleged to be fraudulent should be brought pursuant to this chapter, and should expressly name as defendants the alleged fraudulent transferees.  76 H. 32, 868 P.2d 450.