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 D. Wolff kwolff@uniformlaws.org

 

Enactment Status Map

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Legislative Tracking

2018 Introductions & Enactments
StateBillSponsorStatus
Alabama SB 152 SmithermanEnacted
Florida SB1316/HB979 Moraitas/SimmonsIntroduced
Massachusetts HB 46  Introduced
New Jersey AB 2782 McKeonIntroduced
New York AB1853/SB6180 Weinstein/BonacicIntroduced
Pennsylvania SB 629 ReschenthalerEnacted
Rhode Island HB 7334 KeableIntroduced
South Carolina SB136/HB3167 Goldfinch/SmithIntroduced
West Virginia HB 4233 StorchEnacted

 

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"