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2012 SESSION
SB 164 Fraudulent conveyance and voluntary transfer; power of court to set aside, sanctions.
Introduced by: J. Chapman Petersen | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Fraudulent and voluntary conveyances; power of court to set aside; sanctions. Authorizes the court to set aside a fraudulent or voluntary conveyance during an action brought by a creditor to execute on a judgment, either on the motion of the creditor or on its own motion. The bill also allows the court to assess sanctions, including attorney fees, against any party over which it has jurisdiction who is found to have participated in the conveyance with the intent to defraud.
SUMMARY AS PASSED SENATE:
Fraudulent and voluntary conveyances; power of court to set aside; sanctions. Authorizes the court to set aside a fraudulent or voluntary conveyance during an action brought by a creditor to execute on a judgment, either on the motion of the creditor or on its own motion. The bill also allows the court to assess sanctions, including attorney fees, against any party found to have participated in the conveyance.
SUMMARY AS INTRODUCED:
Fraudulent and voluntary conveyances; power of court to set aside; sanctions. Authorizes the court to set aside a fraudulent or voluntary conveyance during an action brought by a creditor to execute on a judgment, either on the motion of the creditor or on its own motion. The bill also allows the court to assess sanctions, including attorney fees, against any party found to have knowingly engaged in a fraudulent conveyance.