Texas Supreme Court February 13, 2003, 01-0688 (First National Bank of Seminole v. Hooper)

Justice O’NEILL

delivered the opinion of the Court.

In this fraudulent transfer case, an insolvent debtor conveyed a deed of trust hen to First National Bank of Seminole to farther secure a valid antecedent debt. When the transfer occurred, the underlying property’s value far exceeded the debt secured.