National Loan Investors, L.P. v. Givens

STEWART, Justice:

National Loan Investors, L.P., filed a complaint under Utah’s Uniform Fraudulent Transfer Act to set aside transfers of property by defendant Charles J. Givens to the other defendants, Dolphin Limited Partnership, Whale Limited Partnership, and Iris Limited Partnership, which are entities controlled by Givens. National Loan also sought to enjoin any further transfers of property by Givens. The trial court granted defendants’ motion to dismiss for failure to state a claim, and National Loan appealed.

National Loan purchased a promissory note from The First Union National Bank…