Source: http://webserver.rilin.state.ri.us/Statutes/TITLE6/6-16/6-16-8.HTM
Timestamp: 2018-10-21 14:50:46
Document Index: 645280257

Matched Legal Cases: ['§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 2']

SECTION 6-16-8
§ 6-16-8. Defenses, liability, and protection of transferee.
(a) A transfer or obligation is not voidable under § 6-16-4(a)(1) against a person who took in good faith and for a reasonably equivalent value or against any subsequent transferee or obligee.
(b) Except as otherwise provided in this section, to the extent a transfer is voidable in an action by a creditor under § 6-16-7(a)(1), the creditor may recover judgment for the value of the asset transferred, as adjusted under subsection (c) of this section, or the amount necessary to satisfy the creditor's claim, whichever is less. The judgment may be entered against:
(d) Notwithstanding voidability of a transfer or an obligation under this chapter, a good faith transferee or obligee, to the extent of the value given the debtor for the transfer or obligation, is entitled to:
(e) A transfer is not voidable under § 6-16-4(a)(2) or 6-16-5 if the transfer results from:
(2) Enforcement of a security interest in compliance with chapter 9 of title 6A of the Uniform Commercial Code.
(f) A transfer is not voidable under § 6-16-5(b):
(P.L. 1986, ch. 438, § 2.)