684.5 - TRANSFERS FRAUDULENT AS TO PRESENT CREDITORS.

        684.5  TRANSFERS FRAUDULENT AS TO PRESENT CREDITORS.         1.  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.         2.  A transfer made by a debtor is fraudulent as to a creditor      whose claim arose before the transfer was made if the transfer was      made to an insider for an antecedent debt, the debtor was insolvent      at that time, and the insider had reasonable cause to believe that      the debtor was insolvent.  
         Section History: Recent Form
         94 Acts, ch 1121, §9         Referred to in § 684.3, 684.8, 684.9