Kellstrom Bros. Painting v. Carriage Works, Inc.

Defendants 1 appeal a judgment for plaintiff in this action under the Uniform Fraudulent Transfer Act (UFTA). ORS 95.200 et seq. We reverse in part.

The parties stipulated the facts. Defendants Rowlett and John and Barbara Evensizer were among the shareholders in defendant The Carriage Works, Inc. (Carriage Works). Before April, 1988, plaintiff furnished $4,288 worth of paint and supplies to Carriage Works, for which it has not been paid. South Valley State Bank (Bank) had a valid perfected security interest in the assets of Carriage Works to secure loans in excess of $290,000. Rowlett was a…