KRS 379.070: Preferential or fraudulent transfer or purchase prior to deed of

assignment -- Effect -- Action by assignee or creditor.

If the assignor has, before making the deed of assignment, made a preferential or

fraudulent transfer, conveyance or gift of any o f his property or a fraudulent purchase of

any property in the name of another, the property fraudulently transferred, conveyed,

given or purchased shall vest in the assignee. The assignee shall institute the proceedings

necessary to recover the property so disposed of, using any remedy which a creditor might

exercise. If the assignee upon demand refuses to institute such proceedings, any creditor

may do so, and the property recovered shall become a part of the estate and be distributed

as other assets.