Source: L. 91: Entire article added, p. 1686, § 1, effective July 1.
Editor's note - Colorado legislative change: This section was numbered as section 6 in the uniform act.
An obligation may be avoided as fraudulent under this Act if it is incurred under the circumstances specified in § 4(a) (section 38-8-105 (1) in C.R.S.) or § 5(a) (section 38-8-106 (1) in C.R.S.). The debtor may receive reasonably equivalent value in exchange for an obligation incurred even though the benefit to the debtor is indirect. See Rubin v. Manufacturers Hanover Trust Co., 661 F.2d at 991-92; Williams v. Twin City Co., 251 F.2d 678, 681 (9th Cir. 1958); Rosenberg, supra at 243-46.
Structure Colorado Code
Title 38 - Property - Real and Personal
Article 8 - Fraudulent Transfers
§ 38-8-105. Transfers Fraudulent as to Present and Future Creditors
§ 38-8-106. Transfers Fraudulent as to Present Creditors
§ 38-8-107. When Transfer Is Made or Obligation Is Incurred
§ 38-8-108. Remedies of Creditors
§ 38-8-109. Defenses, Liability, and Protection of Transferee
§ 38-8-110. Extinguishment of Cause of Action