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Tex. Bus. & Com. Code § 24.008

REMEDIES OF CREDITORS

Known as the Uniform Fraudulent Transfer Act

The act spans §§ 24.001 to 24.013 (13 sections).

Applied in 49 court decisions — leading case Janvey v. Alguire (2011)

Most recently applied in Neil Gilmour, Tr. for the Grantor Trusts of Victory Parent Co. v. Conn. Gen. Life Ins. Co. (In re Victory Med. Ctr. Mid-Cities, LP) (May 2019)

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

How often courts cite this section

199120002010201950
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 this chapter, a creditor, subject to the limitations in Section 24.009 of this code, 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 in accordance with the applicable Texas Rules of Civil Procedure and the Civil Practice and Remedies Code relating to ancillary proceedings; or

(3) subject to applicable principles of equity and in accordance with applicable rules of civil procedure:

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

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

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