Senate Bill S6180A

2017-2018 Legislative Session

Relates to enacting the uniform voidable transactions act; repealer

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Sponsored By

Archive: Last Bill Status - In Senate Committee Judiciary Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2017-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

2017-S6180 - Summary

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

2017-S6180 - Sponsor Memo

2017-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  Article 10 of the debtor and creditor law is REPEALED and a new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

2017-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

2017-S6180A (ACTIVE) - Summary

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

2017-S6180A (ACTIVE) - Sponsor Memo

2017-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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