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Minn. Stat. § 513.47

REMEDIES OF CREDITOR.

Known as the Uniform Voidable Transactions Act

The act spans §§ 513–513 (13 sections).

Applied in 16 court decisions — leading case McGraw v. Commissioner (2004)

Most recently applied in Kelley v. Home Fed. Sav. Bank (In re Petters Co.) (June 2019)

1987 c 19 s 7; 2015 c 17 s 7

How often courts cite this section

199720002010201930
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(a) In an action for relief against a transfer or obligation under sections 513.41 to 513.51 , a creditor, subject to the limitations in section 513.48 , may obtain:

(1) avoidance of the transfer or obligation to the extent necessary to satisfy the creditor's claim;

(2) an attachment or other provisional remedy against the asset transferred or other property of the transferee if available under applicable law; and

(3) subject to applicable principles of equity and in accordance with applicable Rules of Civil Procedure:

(i) an injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property;

(ii) appointment of a receiver to take charge of the asset transferred or of other property of the transferee; or

(iii) any other relief the circumstances may require.

(b) If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.