Utah § 31A-27a-509 Claims of holders of void or voidable rights.

Utah Statutes

§ 31A-27a-509 — Claims of holders of void or voidable rights.

Utah § 31A-27a-509

Title 31AInsurance Code

Ch. 31A-27aInsurer Receivership Act

Part 31A-27a-5Asset Recovery

This text of Utah § 31A-27a-509 (Claims of holders of void or voidable rights.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-27a-509 (2026).

Text

(1)(1)(a) The receiver may disallow a claim of a creditor who receives or acquires a preference, lien, conveyance, transfer, assignment, or encumbrance voidable under this chapter, unless the creditor surrenders the preference, lien, conveyance, transfer, assignment, or encumbrance.

(1)(b) If an avoidance is effected by a proceeding in which a final judgment is entered, a creditor's claim is not allowed unless the money is paid or the property is delivered to the receiver within 30 days from the day on which the final judgment is entered, except that the receivership court may allow further time if there is an appeal or other continuation of the proceeding.

(2)A claim allowable under Subsection (1) by reason of an avoidance, whether voluntary or involuntary, or a preference, lien, convey

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(1) (1)(a) The receiver may disallow a claim of a creditor who receives or acquires a preference, lien, conveyance, transfer, assignment, or encumbrance voidable under this chapter, unless the creditor surrenders the preference, lien, conveyance, transfer, assignment, or encumbrance.
(1)(b) If an avoidance is effected by a proceeding in which a final judgment is entered, a creditor's claim is not allowed unless the money is paid or the property is delivered to the receiver within 30 days from the day on which the final judgment is entered, except that the receivership court may allow further time if there is an appeal or other continuation of the proceeding.
(2) A claim allowable under Subsection (1) by reason of an avoidance, whether voluntary or involuntary, or a preference, lien, conveyance, transfer, assignment, or encumbrance, may be filed as an excused late filing under Subsection 31A-27a-601(2) if filed within:

(2)(a) 30 days from the date of the avoidance; or
(2)(b) the further time allowed by the receivership court under Subsection (1).