25:2-25 Transfer or obligation voidable as to present or future creditor.
    25:2-25. Transfer or obligation voidable as to present or future creditor.

   a.   A transfer made or obligation incurred by a debtor is voidable as to a creditor, whether the creditor's claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation:
 
   (1)   With actual intent to hinder, delay, or defraud any creditor of the debtor; or
 
   (2)   Without receiving a reasonably equivalent value in exchange for the transfer or obligation, and the debtor:
 
   (a)   Was engaged or was about to engage in a business or a transaction for which the remaining assets of the debtor were unreasonably small in relation to the business or transaction; or
 
   (b)   Intended to incur, or believed or reasonably should have believed that the debtor would incur, debts beyond the debtor's ability to pay as they become due.
 
   b.   A creditor making a claim for relief under subsection a. of this section has the burden of proving the elements of the claim for relief by a preponderance of the evidence.
 
   amended 2021, c.92, s.6.