Ralph S. JANVEY, in his Capacity as Court-Appointed Receiver for the Stanford International Bank, Limited, et al.; Official Stanford Investors Committee, Appellants,
v.
The GOLF CHANNEL, INCORPORATED; TGC, L.L.C., doing Business as Golf Channel, Appellees.
Supreme Court of Texas.https://leagle.com/images/logo.png
JusticeGuzman, delivered the opinion of the Court.
Under the Texas Uniform Fraudulent Transfer Act (TUFTA), an asset transferred with "actual intent to hinder, delay, or defraud" a creditor may be reclaimed for the benefit of the transferor's creditors unless the transferee "took [the asset] in good faith and for a reasonably equivalent value....
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