Tex. Bus. & Com. Code § 24.003

INSOLVENCY

Known as the Uniform Fraudulent Transfer Act

The act spans §§ 24–24 (13 sections).

Applied in 23 court decisions — leading case Jackson Law Office, P.C. v. Chappell (2000)

Most recently applied in Janvey v. Dillon Gage, Inc. (May 2017)

Amended by Acts 1987, 70th Leg., ch. 1004, Sec. 1, eff

How often courts cite this section

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) A debtor is insolvent if the sum of the debtor's debts is greater than all of the debtor's assets at a fair valuation.

(b) A debtor who is generally not paying the debtor's debts as they become due is presumed to be insolvent.

(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 chapter.

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.