Tennessee Code 66-3-306 – Transfers fraudulent as to present creditors
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Terms Used In Tennessee Code 66-3-306
- Claim: means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured. See Tennessee Code 66-3-302
- Creditor: means a person who has a claim. See Tennessee Code 66-3-302
- Debt: means liability on a claim. See Tennessee Code 66-3-302
- Debtor: means a person who is liable on a claim. See Tennessee Code 66-3-302
- Insider: includes :
(A) If the debtor is an individual: (i) A relative of the debtor or of a general partner of the debtor. See Tennessee Code 66-3-302 - Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Transfer: means every mode, direct or indirect, absolute or conditional, voluntary or involuntary, of disposing of or parting with an asset or an interest in an asset, and includes payment of money, release, lease, and creation of a lien or other encumbrance. See Tennessee Code 66-3-302