Section 507 - Receiver as lien creditor.

UT Code § 31A-27a-507 (2019) (N/A)

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(1) The receiver may avoid a transfer of or lien on the property of, or obligation incurred by, an insurer that the insurer or a policyholder, creditor, member, or stockholder of the insurer: (a) may have avoided without regard to any knowledge of: (i) the receiver; (ii) the commissioner; (iii) the insurer; or (iv) a policyholder, creditor, member, or stockholder of the insurer; and (b) whether or not a policyholder, creditor, member, or stockholder described in this Subsection (1) exists.

(a) may have avoided without regard to any knowledge of: (i) the receiver; (ii) the commissioner; (iii) the insurer; or (iv) a policyholder, creditor, member, or stockholder of the insurer; and

(i) the receiver;

(ii) the commissioner;

(iii) the insurer; or

(iv) a policyholder, creditor, member, or stockholder of the insurer; and

(b) whether or not a policyholder, creditor, member, or stockholder described in this Subsection (1) exists.

(2) The receiver is considered a creditor without knowledge for purposes of pursuing claims under: (a)Title 25, Chapter 6, Uniform Voidable Transactions Act; or (b) similar provisions of state or federal law.

(a)Title 25, Chapter 6, Uniform Voidable Transactions Act; or

(b) similar provisions of state or federal law.

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