senate Bill S6180A

2017-2018 Legislative Session

Relates to enacting the uniform voidable transactions act; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Judiciary Committee


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

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Actions

view actions (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to judiciary
Jun 21, 2017 committed to rules
Jun 12, 2017 amended on third reading 6180a
Jun 05, 2017 advanced to third reading
May 24, 2017 2nd report cal.
May 23, 2017 1st report cal.1135
May 11, 2017 referred to judiciary

Votes

view votes

May 23, 2017 - Judiciary committee Vote

S6180
20
0
committee
20
Aye
0
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

S6180 - Details

See Assembly Version of this Bill:
A1853
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: S4236, A5622

S6180 - Summary

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

S6180 - Sponsor Memo

S6180 - Bill Text download pdf


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

                                  6180

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                              May 11, 2017
                               ___________

Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
  printed to be committed 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.

Co-Sponsors

S6180A (ACTIVE) - Details

See Assembly Version of this Bill:
A1853
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: S4236, A5622

S6180A (ACTIVE) - Summary

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

S6180A (ACTIVE) - Sponsor Memo

S6180A (ACTIVE) - Bill Text download pdf


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

                                 6180--A
    Cal. No. 1135

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                              May 11, 2017
                               ___________

Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
  printed to be committed to the  Committee  on  Judiciary  --  reported
  favorably  from  said  committee,  ordered to first and second report,
  ordered to a third reading, amended and ordered  reprinted,  retaining
  its place in the order of third reading

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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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