Utah § 31A-27a-507 Receiver as lien creditor.

Utah Statutes

§ 31A-27a-507 — Receiver as lien creditor.

Utah·Title 31A Insurance Code·Ch. 31A-27a Insurer Receivership Act·Part 31A-27a-5 Asset Recovery

(1)The receiver may avoid a transfer of or lien on the property of, or obligation incurred by, an insurer that the insurer or a policyholder, creditor, member, or stockholder of the insurer:

(1)(a) may have avoided without regard to any knowledge of:

(1)(a)(i) the receiver;

(1)(a)(ii) the commissioner;

(1)(a)(iii) the insurer; or

(1)(a)(iv) a policyholder, creditor, member, or stockholder of the insurer; and

(1)(b) whether or not a policyholder, creditor, member, or stockholder described in this Subsection (1) exists.

(2)The receiver is considered a creditor without knowledge for purposes of pursuing claims under:

(2)(a) Title 25, Chapter 6, Uniform Voidable Transactions Act; or

(2)(b) similar provisions of state or federal law.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The receiver may avoid a transfer of or lien on the property of, or obligation incurred by, an insurer that the insurer or a policyholder, creditor, member, or stockholder of the insurer:

(1)(a) may have avoided without regard to any knowledge of:
(1)(a)(i) the receiver;
(1)(a)(ii) the commissioner;
(1)(a)(iii) the insurer; or
(1)(a)(iv) a policyholder, creditor, member, or stockholder of the insurer; and
(1)(b) whether or not a policyholder, creditor, member, or stockholder described in this Subsection (1) exists.
(2) The receiver is considered a creditor without knowledge for purposes of pursuing claims under:

(2)(a) Title 25, Chapter 6, Uniform Voidable Transactions Act; or
(2)(b) similar provisions of state or federal law.

Utah § 31A-27a-507 (Receiver as lien creditor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.