assembly Bill A1853A

2017-2018 Legislative Session

Relates to enacting the uniform voidable transactions act; repealer

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Archive: Last Bill Status - Passed Assembly


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (17)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 06, 2018 referred to judiciary
delivered to senate
passed assembly
Jan 03, 2018 ordered to third reading cal.138
returned to assembly
died in senate
Jun 15, 2017 referred to rules
delivered to senate
passed assembly
ordered to third reading rules cal.322
rules report cal.322
reported
Jun 13, 2017 reported referred to rules
Jun 07, 2017 reported referred to codes
Jun 01, 2017 print number 1853a
Jun 01, 2017 amend and recommit to judiciary
Jan 13, 2017 referred to judiciary

A1853 - Details

See Senate Version of this Bill:
S6180
Current Committee:
Senate Judiciary
Law Section:
Debtor and Creditor Law
Laws Affected:
Rpld & add Art 10 §§270 - 281-a, D & C L; amd §§5205 & 5519, CPLR; amd §7-3.1, EPT L; amd §50, Work Comp L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7687
2019-2020: A5622, S4236

A1853 - Summary

Enacts the uniform voidable transactions act and repeals provisions relating to fraudulent conveyances.

A1853 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1853

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            January 13, 2017
                               ___________

Introduced  by  M.  of  A.  WEINSTEIN  --  read once and referred to the
  Committee on Judiciary

AN ACT to amend the debtor and creditor law, the civil practice law  and
  rules,  the  estates,  powers  and trusts law and the workers' compen-
  sation law, in relation to enacting the "uniform voidable transactions
  act"; and to repeal certain provisions of the debtor and creditor  law
  relating to fraudulent conveyances

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Short title. This act shall be known and may  be  cited  as
the "uniform voidable transactions act".
  §  2.  Article 10 of the debtor and creditor law is REPEALED and a new
article 10 is added to read as follows:
                               ARTICLE 10
                    UNIFORM VOIDABLE TRANSACTIONS ACT
SECTION 270.   DEFINITIONS.
        271.   INSOLVENCY.
        272.   VALUE.
        273.   TRANSFER OR OBLIGATION VOIDABLE AS TO PRESENT  OR  FUTURE
                 CREDITOR.
        274.   TRANSFER OR OBLIGATION VOIDABLE AS TO PRESENT CREDITOR.
        275.   WHEN TRANSFER IS MADE OR OBLIGATION IS INCURRED.
        276.   REMEDIES OF CREDITOR.
        277.   DEFENSES,  LIABILITY,  AND  PROTECTION  OF  TRANSFEREE OR
                 OBLIGEE.
        278.   EXTINGUISHMENT OF CLAIM FOR RELIEF.
        279.   GOVERNING LAW.
        280.   SUPPLEMENTARY PROVISIONS.
        281. UNIFORMITY OF APPLICATION AND CONSTRUCTION.
        281-A. RELATION TO ELECTRONIC SIGNATURES IN GLOBAL AND  NATIONAL
                 COMMERCE ACT.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

A1853A (ACTIVE) - Details

See Senate Version of this Bill:
S6180
Current Committee:
Senate Judiciary
Law Section:
Debtor and Creditor Law
Laws Affected:
Rpld & add Art 10 §§270 - 281-a, D & C L; amd §§5205 & 5519, CPLR; amd §7-3.1, EPT L; amd §50, Work Comp L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7687
2019-2020: A5622, S4236

A1853A (ACTIVE) - Summary

Enacts the uniform voidable transactions act and repeals provisions relating to fraudulent conveyances.

A1853A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1853--A

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            January 13, 2017
                               ___________

Introduced  by  M.  of  A.  WEINSTEIN  --  read once and referred to the
  Committee on Judiciary -- committee discharged, bill amended,  ordered
  reprinted as amended and recommitted to said committee

AN  ACT to amend the debtor and creditor law, the civil practice law and
  rules, the estates, powers and trusts law  and  the  workers'  compen-
  sation law, in relation to enacting the "uniform voidable transactions
  act";  and to repeal certain provisions of the debtor and creditor law
  relating to fraudulent conveyances

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Short  title. This act shall be known and may be cited as
the "uniform voidable transactions act".
  § 2. Article 10 of the debtor and creditor law is REPEALED and  a  new
article 10 is added to read as follows:
                               ARTICLE 10
                    UNIFORM VOIDABLE TRANSACTIONS ACT
SECTION 270.   DEFINITIONS.
        271.   INSOLVENCY.
        272.   VALUE.
        273.   TRANSFER  OR  OBLIGATION VOIDABLE AS TO PRESENT OR FUTURE
                 CREDITOR.
        274.   TRANSFER OR OBLIGATION VOIDABLE AS TO PRESENT CREDITOR.
        275.   WHEN TRANSFER IS MADE OR OBLIGATION IS INCURRED.
        276.   REMEDIES OF CREDITOR.
        276-A.   ATTORNEY'S FEES IN ACTION OR SPECIAL  PROCEEDING  UNDER
                 THIS ARTICLE TO AVOID A TRANSFER OR OBLIGATION.
        277.   DEFENSES,  LIABILITY,  AND  PROTECTION  OF  TRANSFEREE OR
                 OBLIGEE.
        278.   EXTINGUISHMENT OF CLAIM FOR RELIEF.
        279.   GOVERNING LAW.
        280.   SUPPLEMENTARY PROVISIONS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.