§ 274. Transfer or obligation voidable as to present creditor. (a) A\ntransfer made or obligation incurred by a debtor is voidable as to a\ncreditor whose claim arose before the transfer was made or the\nobligation was incurred if the debtor made the transfer or incurred the\nobligation without receiving a reasonably equivalent value in exchange\nfor the transfer or obligation and the debtor was insolvent at that time\nor the debtor became insolvent as a result of the transfer or\nobligation.\n (b) A transfer made by a debtor is voidable as to a creditor whose\nclaim arose before the transfer was made if the transfer was made to an\ninsider for an antecedent debt, the debtor was insolvent at that time,\nand the insider had reasonable cause to believe that the debtor was\ninsolvent.\n (c) Subject to subdivision (b) of section two hundred seventy-one of\nthis article, a creditor making a claim for relief under subdivision (a)\nor (b) of this section has the burden of proving the elements of the\nclaim for relief by a preponderance of the evidence.\n
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