Ohio Code 3911.15 – Policy to defraud creditors
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If a policy of life insurance is procured by a person with intent to defraud his creditors, an amount equal to the premium paid thereon, with interest, shall inure to the benefit of his creditors, subject to the statute of limitations.
Terms Used In Ohio Code 3911.15
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.