24.009 – DEFENSES, LIABILITY, AND PROTECTION OF TRANSFEREE.
Texas Business and Commerce Code § 24.009
Summary
This law protects transferees who acquire assets in good faith and for equivalent value from having those transfers voided by creditors. It ensures that subsequent transferees are also shielded from liability if the original transfer was made under these conditions.
Transferees are protected if they acted in good faith.
Transfers for reasonably equivalent value cannot be voided.
Creditors can recover the asset's value if the transfer is voidable.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's DEFENSES, LIABILITY, AND PROTECTION OF TRANSFEREE. law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.