A discussion of the Uniform Law Commission's adoption of amendments to the Uniform Fraudulent Transfer Act (UFTA), now known as the Uniform Voidable Transactions Act (UVTA).
A discussion of the Uniform Law Commission's adoption of amendments to the Uniform Fraudulent Transfer Act (UFTA), now known as the Uniform Voidable Transactions Act (UVTA).
On July 16, 2014, the Uniform Law Commission adopted amendments to the Uniform Fraudulent Transfer Act (UFTA) that, among other things, rename the UFTA as the Uniform Voidable Transactions Act (UVTA). The amendments seek to correct the misconception that fraud was a necessary element of a claim under the UFTA and strive to provide uniformity in the provisions of the UFTA which have been subject to conflicting interpretations by the courts. For further discussion of these amendments, see Article, Goodbye UFTA, Hello UVTA.