Utah Code § 31A-27a-507

Current through the 2024 Fourth Special Session
Section 31A-27a-507 - Receiver as lien creditor
(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:
(a) may have avoided without regard to any knowledge of:
(i) the receiver;
(ii) the commissioner;
(iii) the insurer; or
(iv) a policyholder, creditor, member, or stockholder of the insurer; and
(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:
(a) Title 25, Chapter 6, Uniform Voidable Transactions Act; or
(b) similar provisions of state or federal law.

Utah Code § 31A-27a-507

Amended by Chapter 204, 2017 General Session ,§ 23, eff. 5/9/2017.
Enacted by Chapter 309, 2007 General Session.