First National Bank in Fairfield v. Frescoln Farms, Ltd.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding this theory to be embodied in the common law, in the Uniform Fraudulent Conveyances Act, and in the more recent Uniform Fraudulent Transfer Act
• transfer of stock \in consideration of love and affection\ is not consideration for purposes of Iowa fraudulent transfer law
• transfer of property without consideration is presumed fraudulent and may be set aside unless transferee shows transferor remained solvent after transaction
• “Solvency must be determined as of the time the alleged fraudulent transfer took place.”
• transfer of stock “in consideration of love and affection” is not consideration for purposes of Iowa fraudulent transfer law
• when insolvent, debtor’s debts are greater than debtor’s assets at fair valuation

Source: CourtListener parenthetical corpus (CC0).