Meyer v. General American Corp.

ELLETT, Chief Justice:

The Intervenor-Appellant (hereafter referred to as “McCurtain”) appeals from a judgment entered in favor of Plaintiff-Respondent (hereafter referred to as “Meyer”) wherein the trial court held that McCur-tain’s purchase of a D-9 caterpillar was a fraudulent sale within the meaning of the Utah Fraudulent Conveyance Act and, therefore, void. Briefly, the pertinent facts may be summarized as follows:

Meyer loaned $12,000 to General American Corporation (hereafter referred to as “GAC”) for the purpose of providing operating capital for their mining operation and to purchase a…