1. (1) A transfer made or obligation incurred by a debtor is voidable as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation and the debtor was insolvent at that time or the debtor became insolvent as a result of the transfer or obligation.
2. (2) A transfer made by a debtor is voidable as to a creditor whose claim arose before the transfer was made if the transfer was made to an insider for an antecedent debt, the debtor was insolvent at that time, and the insider had reasonable cause to believe that the debtor was insolvent.
3. (3) Except as provided by section 38-8-103 (2), a creditor making a claim for relief pursuant to subsection (1) or (2) of this section has the burden of proving the elements of the claim for relief by a preponderance of the evidence.

Source: L. 91: Entire article added, p. 1686, § 1, effective July 1. L. 2025: Entire section amended, (SB 25-133), ch. 57, p. 239, § 5, effective August 6.

Editor's note: (1) Colorado legislative change: This section was numbered as section 5 in the uniform act.

(2) Section 12 of chapter 57 (SB 25-133), Session Laws of Colorado 2025, provides that the act changing this section applies to claims filed on or after August 6, 2025.