§ 34-14-203 — Insolvency

Wyoming § 34-14-203

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 14: FRAUDULENT TRANSFERS
• Art. 2: UNIFORM FRAUDULENT TRANSFER ACT

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(a) A debtor is insolvent if the sum of the debtor's debt
is greater than all of the debtor's assets, at a fair valuation.
(b) A debtor who is generally not paying his debts as they
become due is presumed to be insolvent.
(c) A partnership is insolvent under subsection (a) of
this section if the sum of the partnership's debts is greater
than the aggregate of all of the partnership's assets, at a fair
valuation, and the sum of the excess of the value of each
general partner's nonpartnership assets over the partner's
nonpartnership debts.
(d) Assets under this section do not include property that
has been transferred, concealed, or removed with intent to
hinder, delay or defraud creditors or that has been transferred
in a manner making the transfer voidable under this act.
(e) Debts under this section do not include an obligation
to the extent it is secured by a valid lien on property of the
debtor not included as an asset.