| Last Action | signed by Governor (Acts, ch. 037) |
|---|---|
| Title | AN ACT relating to fraudulent transfers. |
| Bill Documents |
Bill
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| Bill Request Number | 1417 |
| Sponsor | M. McGarvey |
| Summary of Original Version | Establish KRS Chapter 378A and create new sections thereof to define terms; establish the requirements of insolvency under the Uniform Voidable Transactations Act; determine when value is given for transfer; determine the intent of a debtor on a voidable transfer; establish the voidability of transactions as to creditor claims arising prior to the transfer; determine when a transfer is made; establish remedies for a creditor; establish defenses and protections of a transferee or obligee; establish a statute of limitations for claims under KRS Chapter 378A; determine the location of debtor for jurisdictional purposes; define "protected series" and "series organization" and set out the applicability of the chapter to them; establish a short title for this chapter; repeal all sections of KRS Chapter 378; EFFECTIVE January 1, 2016. |
| Index Headings of Original Version |
Effective Dates, Delayed - Kentucky Uniform Voidable Transaction Act, enact, January 1, 2016 Liens - Creditor, voidable transfers of assets Popular Names and Short Titles - Kentucky Uniform Voidable Transaction Act Uniform Laws - Kentucky Uniform Voidable Transaction Act Commerce - Debtor and creditor laws, transfer of assets, voidability of Commerce - Kentucky Uniform Voidable Transaction Act, enact |
| Votes | Vote History |
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| 03/20/15 |
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Last updated: 1/16/2019 3:10 PM (EST)