Personal property: fraudulent transfers.

Existing law provides generally that a transfer of personal property not accompanied by delivery and change of possession of the property is void against the transferor's creditors, except for certain specified transfers or types of property, including personal property that satisfies certain conditions. Among these conditions, existing law requires the transferor or the transferee to file, prior to the date of the intended transfer, a signed financing statement with respect to the property transferred. This bill would revise the above condition by requiring the transferor or the transferee to file, prior to the date of the intended transfer, a financing statement authorized in an authenticated record by the transferor with respect to the property transferred.