Site /

Defined ~ Lien And Valid Lien

Site.Mainuvta0117definitionvalidlien History

Hide minor edits - Show changes to markup

May 14, 2022, at 03:13 AM by 50.159.12.10 -

Changed line 45 from:

VALID LIEN ARTICLES

to:

"VALID LIEN" ARTICLES

Restore

May 14, 2022, at 03:12 AM by 50.159.12.10 -

Added lines 44-52:

VALID LIEN ARTICLES

2020.06.11 ... Bank That Was Financially Involved With Debtor Gets Caught Up In Fraudulent Transfer Case In Wilson
2015.11.27 ... Silver Bars And Fraudulent Transfers in Rego Group

Added line 58:

Restore

May 01, 2022, at 12:30 AM by 50.159.12.10 -

Changed line 30 from:

->"VALID LIEN" DEFINED

to:

"VALID LIEN" DEFINED

Restore

May 01, 2022, at 12:30 AM by 50.159.12.10 -

Changed lines 1-4 from:

(:title TOPICSHORT:) (:Summary: TOPICLONG:) (:description TOPICLONG:) (:keywords voidable transaction, uvta, fraudulent transfer, ufta, fraudulent conveyance, TOPIC:)

to:

(:title Defined ~ Lien And Valid Lien:) (:Summary: Defined ~ Lien And Valid Lien:) (:description Defined ~ Lien And Valid Lien:) (:keywords voidable transaction, uvta, fraudulent transfer, ufta, fraudulent conveyance, lien, valid lien:)

Changed line 6 from:

TOPIC Definition PAGENAME

to:

Lien Valid_Lien Definition Mainuvta0117definitionvalidlien

Changed lines 8-10 from:

TEXT

to:

"LIEN" AND "VALID LIEN" DEFINITIONS

Changed lines 11-13 from:

TEXT OPINIONS

(:pagelist link=Category.TEXT list=normal fmt=title:)

to:

#definedlien

"LIEN" DEFINED

§1(9) “Lien” means a charge against or an interest in property to secure payment of a debt or performance of an obligation, and includes a security interest created by agreement, a judicial lien obtained by legal or equitable process or proceedings, a common-law lien, or a statutory lien.

Reporter's Comment to § 1(9).

The definition of “lien” is derived from paragraphs (30), (31), (43), and (45) of Bankruptcy Code § 101 (1984), which define “judicial lien,” “lien,” “security interest,” and “statutory lien” respectively.

JayNote

The term "lien" is broadly define to include both security interests and judgment liens.

#definedvalidlien

->"VALID LIEN" DEFINED

§1(17) “Valid lien” means a lien that is effective against the holder of a judicial lien subsequently obtained by legal or equitable process or proceedings.

Reporter's Comment to § 1(17).

The definition of “valid lien” had no analogue in the Uniform Fraudulent Conveyance Act. A valid lien includes an equitable lien that may not be defeated by a judicial lien creditor. See, e.g., Pearlman v. Reliance Insurance Co., 371 U.S. 132, 136 (1962) (upholding a surety’s equitable lien in respect to a fund owing a bankrupt contractor).

JayNote

A "valid lien" is one that will stand up to another creditor which itself later obtains a judgment lien on the transferred asset.

"LIEN" OPINIONS

(:pagelist link=Category.Lien list=normal fmt=title:)

"VALID LIEN" OPINIONS

(:pagelist link=Category.Valid_Lien list=normal fmt=title:)

Restore

April 30, 2022, at 03:08 AM by 50.159.12.10 -

Added lines 1-16:

(:title TOPICSHORT:) (:Summary: TOPICLONG:) (:description TOPICLONG:) (:keywords voidable transaction, uvta, fraudulent transfer, ufta, fraudulent conveyance, TOPIC:) (:linebreaks:) TOPIC Definition PAGENAME
TEXT

TEXT OPINIONS

(:pagelist link=Category.TEXT list=normal fmt=title:)

Restore