2017 Arizona Revised Statutes
Title 44 - Trade and Commerce
§ 44-1005 Transfers fraudulent as to present creditors

Universal Citation: AZ Rev Stat § 44-1005 (2017)

44-1005. Transfers fraudulent as to present creditors

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.

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