§ 740 ILCS 160/1 This Act shall be known and may be cited as the Uniform Fraudulent …
§ 740 ILCS 160/2 As used in this Act: (a) “Affiliate” …
§ 740 ILCS 160/3 (a) A debtor is insolvent if the sum of the debtor’s debts is greater …
§ 740 ILCS 160/4 (a) Value is given for a transfer or an obligation if, in exchange …
§ 740 ILCS 160/5 (a) A transfer made or obligation incurred by a debtor is fraudulent …
§ 740 ILCS 160/6 (a) A transfer made or obligation incurred by a debtor is fraudulent …
§ 740 ILCS 160/7 For the purposes of this Act: (a) a …
§ 740 ILCS 160/8 (a) In an action for relief against a transfer or obligation under …
§ 740 ILCS 160/9 (a) A transfer or obligation is not voidable under paragraph (1) of …
§ 740 ILCS 160/10 A cause of action with respect to a fraudulent transfer or obligation …
§ 740 ILCS 160/11 Unless displaced by the provisions of this Act, the principles of law …
§ 740 ILCS 160/12 This Act shall be applied and construed to effectuate its general …
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Terms Used In Illinois Compiled Statutes > 740 ILCS 160 - Uniform Fraudulent Transfer Act

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC