Remedies of creditors.

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54-8A-7. Remedies of creditors.

(a) In an action for relief against a transfer or obligation under this chapter, a creditor, subject to the limitations in §54-8A-8, may obtain:

(1)Avoidance of the transfer or obligation to the extent necessary to satisfy the creditor's claim;

(2)An attachment or other provisional remedy against the asset transferred or other property of the transferee;

(3)Subject to applicable principles of equity and in accordance with applicable rules of civil procedure,

(i)An injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property;

(ii)Appointment of a receiver to take charge of the asset transferred or of other property of the transferee; or

(iii)Any other relief the circumstances may require.

(b) If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.

Source: SL 1987, ch 365, §7.


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