(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 § 6-16-2(b), 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.
Notes of Decisions
Cited in
9
cases (
1 in the last 5 years), 1994–2025 · leading case:
Nisenzon v. Sadowski, 689 A.2d 1037 (R.I. 1997).
Nisenzon v. Sadowski, 689 A.2d 1037 (R.I. 1997).
· cites it 2× “In pertinent part the Uniform Fraudulent Transfer Act, G.L.1956 § 6-16-5(a), as adopted in Rhode Island, provides as follows: “A transfer made * * * by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made * * * if the debtor made the transfer *…”
Zahn v. Yucaipa Capital Fund, 218 B.R. 656 (D.R.I. 1998).
· cites it 2× “It is, however, required for Counts II and IV, which are based on UFTA § 5, R.I. Gen. Laws § 6-16-5, Cal. Civ.Code § 3439.”
Rohm & Haas Co. v. Capuano, 301 F. Supp. 2d 156 (D.R.I. 2004).
· cites it 2× “Laws § 6 — 16— 4(a)(2)) and Count III (brought under R.I. Gen. Laws § 6-16-5(a)) of the Plaintiffs Complaint must be dismissed because they are timebarred by the Act’s statute of limitations.”
Landmark Med. Ctr. v. Gauthier, 635 A.2d 1145 (R.I. 1994).
“In addition, § 6-16-5(a) establishes that “A transfer made or obligation incurred by a debtor is fraudulent 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…”
Richardson v. Preston (Antex, Inc.), 397 B.R. 168 (1st Cir. BAP 2008).
“R.I. Gen. Laws § 6-16-5(a). 4 To prove that the payments were fraudulent transfers under the RIUFTA, the Trustee was required to establish the following: (1) there was a creditor who had a claim at the time of the subject transfer; (2) the Debtor made a transfer of property; (3)…”
Rhode Island Depositors' Econ. Prot. Corp. v. Mollicone, 677 A.2d 1337 (R.I. 1996).
“Further, § 6-16-5 of the act provides in pertinent part: “(a) A transfer made or obligation incurred by a debtor is fraudulent 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…”
— R.I. Gen. Laws § 6-16-5(a) — 5 cases
Nisenzon v. Sadowski, 689 A.2d 1037 (R.I. 1997).
“In pertinent part the Uniform Fraudulent Transfer Act, G.L.1956 § 6-16-5(a), as adopted in Rhode Island, provides as follows: “A transfer made * * * by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made * * * if the debtor made the transfer *…”
Rohm & Haas Co. v. Capuano, 301 F. Supp. 2d 156 (D.R.I. 2004).
“Laws § 6 — 16— 4(a)(2)) and Count III (brought under R.I. Gen. Laws § 6-16-5(a)) of the Plaintiffs Complaint must be dismissed because they are timebarred by the Act’s statute of limitations.”
Landmark Med. Ctr. v. Gauthier, 635 A.2d 1145 (R.I. 1994).
“In addition, § 6-16-5(a) establishes that “A transfer made or obligation incurred by a debtor is fraudulent 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…”
Richardson v. Preston (Antex, Inc.), 397 B.R. 168 (1st Cir. BAP 2008).
“R.I. Gen. Laws § 6-16-5(a). 4 To prove that the payments were fraudulent transfers under the RIUFTA, the Trustee was required to establish the following: (1) there was a creditor who had a claim at the time of the subject transfer; (2) the Debtor made a transfer of property; (3)…”
— R.I. Gen. Laws § 6-16-5(b) — 1 case
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