senate Bill S4236

2019-2020 Legislative Session

Relates to enacting the uniform voidable transactions act; repealer

download bill text pdf

Sponsored By

Current Bill Status Via A5622 - Passed Senate & 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 (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 08, 2019 returned to assembly
passed senate
3rd reading cal.495
substituted for s4236
May 08, 2019 substituted by a5622
May 06, 2019 advanced to third reading
May 01, 2019 2nd report cal.
Apr 30, 2019 1st report cal.495
Mar 05, 2019 referred to judiciary

S4236 (ACTIVE) - Details

See Assembly Version of this Bill:
A5622
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: S6180, A1853

S4236 (ACTIVE) - Summary

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

S4236 (ACTIVE) - Sponsor Memo

S4236 (ACTIVE) - Bill Text download pdf


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

                                  4236

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              March 5, 2019
                               ___________

Introduced  by  Sen. HOYLMAN -- 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  Article 10 of the debtor and creditor law is REPEALED and a new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.
        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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