4.3 Fraudulent Conveyance Issues.
| Jurisdiction | Arizona |
In 1990 Arizona adopted the Uniform Fraudulent Transfer Act (UFTA) and repealed the Uniform Fraudulent Conveyance Act (UFCA), A.R.S. § 44-1001 et seq. A.R.S. § 44-1003(B) provides:
For the purposes of section 44-1004, subsection A, paragraph 2 [transfer fraudulent as to present and future creditors, receiving reasonably equivalent value] and section 44-1005 [transfers fraudulent as to present creditors], a person gives a reasonably equivalent value if the person acquires an interest of the...
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