State Codes and Statutes

Statutes > Utah > Title-31a > Chapter-27a > 31a-27a-507

31A-27a-507. Receiver as lien creditor.
(1) The receiver may avoid a transfer of or lien on the property of, or obligation incurredby, an insurer that the insurer or a policyholder, creditor, member, or stockholder of the insurer:
(a) may have avoided without regard to any knowledge of:
(i) the receiver;
(ii) the commissioner;
(iii) the insurer; or
(iv) a policyholder, creditor, member, or stockholder of the insurer; and
(b) whether or not a policyholder, creditor, member, or stockholder described in thisSubsection (1) exists.
(2) The receiver is considered a creditor without knowledge for purposes of pursuingclaims under:
(a) Title 25, Chapter 6, Uniform Fraudulent Transfer Act; or
(b) similar provisions of state or federal law.

Enacted by Chapter 309, 2007 General Session