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The DC Code: § 28-3105 Transfers fraudulent as to present creditors.

Index28 Commercial Instruments and Transactions. (Refs & Annos)
a
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.
b
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.

Historical and Statutory

Prior Codifications 1981 Ed., § 28-3105. Legislative History of Laws For legislative history of D.C. Law 11-83, see Historical and Statutory Notes following § 28-3101. Uniform Law This section is based upon § 5 of the Uniform Fraudulent Transfer Act. See Volume 7A, Part II Uniform Laws Annotated, Master Edition, or ULA Database on Westlaw. DC CODE § 28-3105 Current through December 11, 2012

Credits

(Feb. 9, 1996, D.C. Law 11-83, § 2, 42 DCR 6773.)