ULC

Acts

Voidable Transactions Act Amendments (2014) - Formerly Fraudulent Transfer Act

Description

The Uniform Voidable Transactions Act (UVTA), formerly named the Uniform Fraudulent Transfer Act (UFTA), strengthens creditor protections by providing remedies for certain transactions by a debtor that are unfair to the debtor’s creditors. The 2014 amendments to the UVTA address a small number of narrowly-defined issues, and are not a comprehensive revision of the act.

Staff Contact

Kaitlin A. Dohse kdohse@uniformlaws.org

 

Enactment Status Map

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Legislative Tracking

2017 Introductions & Enactments
StateBillSponsorStatus
Indiana SB 316 BrayIntroduced
Michigan SB 982 SchuitmakerEnacted
New Jersey AB 3742 McKeonIntroduced
New York AB 1853 WeinsteinIntroduced
South Carolina SB136/HB3167 Goldfinch/SmithIntroduced
Vermont HB 35 BotzowIntroduced
Washington SB 5085 PedersenIntroduced

 

Drafting History

Origin: Completed by the Uniform Law Commission in 2014
Committee/Resources: Voidable Transactions Act Amendments (2014) - Formerly Fraudulent Transfer Act
Related Versions: Fraudulent Transfer Act - now known as Voidable Transactions Act"