Fore v. Bles

OPINION

GREER, Judge.

In her divorce from Thomas Bles, Patricia Fore was awarded an interest in loan repayments due on a promissory note that was payable to Bles upon demand. The sole question on appeal is whether Fore had standing to sue for payment on the note. We hold that Fore was a transferee as result of the dissolution decree within the meaning of A.R.S. § 47-3201(A). Therefore, she had standing to sue on the note.

I. FACTS

Bles and his son were the principal shareholders in Industrial Service and Supply, Inc. (ISSI). Bles lent ISSI $133,431.44 in exchange for ISSI’s promissory note. The…