Vermont § 2289 - Transfer or obligation voidable as to present creditor
Full text of Vermont Vermont Statutes Online § 2289 — Transfer or obligation voidable as to present creditor, with citation guidance and answers to common questions.
§ 2289. Transfer or obligation voidable as to present creditor
- (a) A transfer made or obligation incurred by a debtor is voidable as to a creditor whose
claim arose before the transfer was made or the obligation was incurred if the debtor
made the transfer or incurred the obligation without receiving a reasonably equivalent
value in exchange for the transfer or obligation and the debtor was insolvent at that
time or the debtor became insolvent as a result of the transfer or obligation. (b) A transfer made by a debtor is voidable as to a creditor whose claim arose before
the transfer was made if the transfer was made to an insider for an antecedent debt,
the debtor was insolvent at that time, and the insider had reasonable cause to believe
that the debtor was insolvent. (c) Subject to subsection 2286(b) of this title, a creditor making a claim for relief under subsection (a) or (b) of this section
has the burden of proving the elements of the claim for relief by a preponderance
of the evidence. (Added 1995, No. 179 (Adj. Sess.), § 14; amended 2017, No. 20, § 1.)
Frequently Asked Questions About Vermont § 2289
What does Vermont Statutes Online § 2289 cover?
Section 2289 ("Transfer or obligation voidable as to present creditor") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 2289?
A common citation format is "Vermont Statutes Online § 2289" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 2289 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.