Assembly Bill A5622

Signed By Governor
2019-2020 Legislative Session

Relates to enacting the uniform voidable transactions act; repealer

download bill text pdf

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Archive: Last Bill Status - Signed by Governor


  • 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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2019-A5622 (ACTIVE) - Details

See Senate Version of this Bill:
S4236
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
2017-2018: A1853, S6180

2019-A5622 (ACTIVE) - Summary

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

2019-A5622 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5622
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2019
                                ___________
 
 Introduced  by  M.  of A. WEINSTEIN, TAYLOR -- 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  Article 10 of the debtor and creditor law is REPEALED and a new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.
         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.
         281. UNIFORMITY OF APPLICATION AND CONSTRUCTION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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