§ 1 This Act shall be known and may be cited as the Uniform Fraudulent …
§ 2 As used in this Act: (a) “Affiliate” …
§ 3 (a) A debtor is insolvent if the sum of the debtor’s debts is greater …
§ 4 (a) Value is given for a transfer or an obligation if, in exchange …
§ 5 (a) A transfer made or obligation incurred by a debtor is fraudulent …
§ 6 (a) A transfer made or obligation incurred by a debtor is fraudulent …
§ 7 For the purposes of this Act: (a) a …
§ 8 (a) In an action for relief against a transfer or obligation under …
§ 9 (a) A transfer or obligation is not voidable under paragraph (1) of …
§ 10 A cause of action with respect to a fraudulent transfer or obligation …
§ 11 Unless displaced by the provisions of this Act, the principles of law …
§ 12 This Act shall be applied and construed to effectuate its general …

Terms Used In Illinois Compiled Statutes > 740 ILCS 160

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Fiduciary: A trustee, executor, or administrator.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
  • Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.