Statutes, codes, and regulations
Kentucky Revised Statutes
Title 31 - DEBTOR-CREDITOR RELATIONS
Chapter 379 - VOLUNTARY ASSIGNMENTS
Section 379.070 - Preferential or fraudulent transfer or purchase prior to deed of assignment - Effect - Action by assignee or creditor

Ky. Rev. Stat. § 379.070

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Current through 2024 Ky. Acts ch. 225
Section 379.070 - Preferential or fraudulent transfer or purchase prior to deed of assignment - Effect - Action by assignee or creditor

If the assignor has, before making the deed of assignment, made a preferential or fraudulent transfer, conveyance or gift of any of his property or a fraudulent purchase of any property in the name of another, the property fraudulently transferred, conveyed, given or purchased shall vest in the assignee. The assignee shall institute the proceedings necessary to recover the property so disposed of, using any remedy which a creditor might exercise. If the assignee upon demand refuses to institute such proceedings, any creditor may do so, and the property recovered shall become a part of the estate and be distributed as other assets.

KRS 379.070

Effective:10/1/1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective10/1/1942, from Ky. Stat. sec. 84.