§ 34-14-206 — Transfers fraudulent as to present creditors

Wyoming § 34-14-206

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

Text

(a) A transfer made or obligation incurred by a debtor is
fraudulent as to a creditor whose claim arose before the
transfer was made or the obligation was incurred if the debtor
made the transfer or incurred the obligation without receiving a
reasonably equivalent value in exchange for the transfer or
obligation and the debtor was insolvent at that time or the
debtor became insolvent as a result of the transfer or
obligation.
(b) A transfer made by a debtor is fraudulent as to a
creditor whose claim arose before the transfer was made if the
transfer was made to an insider for an antecedent debt, the
debtor was insolvent at that time, and the insider had
reasonable cause to believe that the debtor was insolvent.