Utah Statutes
§ 6-1-20 — Right to prefer creditor.
Utah·Title 6 Assignment for Benefit of Creditors·Ch. 6-1 General Provisions Relating to Assignment for Benefit of Creditors
Nothing in this title contained shall affect the power of a person, although insolvent, residing either within or without this state, to transfer property in this state in good faith to a particular creditor for the purpose of paying or securing the whole or a part of a debt owing to such creditor; provided, that joint, or joint and several, debtors can prefer their joint creditors only out of joint property, and can prefer the individual creditors of each only out of the separate property of each.
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Utah § 6-1-20 (Right to prefer creditor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
No Change Since 1953
Nearby Sections
15
§ 6-1-1
Insolvent debtor may assign.§ 6-1-10
Dividends to creditors.§ 6-1-12
Time for disposing of property.§ 6-1-16
Sales -- Confirmation.§ 6-1-17
Removal of assignee.§ 6-1-18
Death or neglect of assignee.§ 6-1-19
Compensation of assignee.§ 6-1-2
When assignment void.§ 6-1-20
Right to prefer creditor.§ 6-1-4
Inventory -- Bond.