Tex. Bus. & Com. Code § 24.006 · Chapter 24. UNIFORM FRAUDULENT TRANSFER ACT
TRANSFERS FRAUDULENT AS TO PRESENT CREDITORS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Amended by Acts 1987, 70th Leg., ch. 1004, Sec. 1, eff. Sept. 1, 1987.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.24.htm
- Text hash
- sha256 cd959490801b06605645351ada651656f64095f71b740e201e214286b1d6e0cf
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 4 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 24.006. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 24.004VALUE.Printed as Sections 24.005(a)(2) and 24.006
- Tex. Bus. & Com. Code § 24.009DEFENSES, LIABILITY, AND PROTECTION OF TRANSFEREE.Printed as Section 24.006 | Section 24.006(b)
- Tex. Bus. & Com. Code § 24.010EXTINGUISHMENT OF CAUSE OF ACTION.Printed as Section 24.005(a) or 24.006(a) | Section 24.005(a)(2) or 24.006(a) | Section 24.006(b)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.