Uniform Fraudulent Transfer Act
- Uniform Fraudulent Transfer Act
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Uniform Fraudulent Transfer Act (UFTA)
USA
A model Act adopted in 1984 to replace the Uniform Fraudulent Conveyance Act (UFCA). The UFTA has been enacted in 44 jurisdictions, including Delaware. While there are certain differences, both the UFTA and the UFCA share the same underlying principle that title to assets conveyed to a third party for the purpose of placing such assets beyond the reach of creditors is fraudulent. Both statutes provide creditors with a remedy when debtors hide or transfer assets that would otherwise be available to satisfy legitimate debts.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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Uniform Fraudulent Conveyance Act — (UFCA) USA A model Act adopted in 1918 to codify and bring uniformity to the common law of fraudulent conveyance. In many states it has been repealed and replaced with the Uniform Fraudulent Transfer Act (UFTA). The U … Law dictionary
Fraudulent conveyance — A fraudulent conveyance, also fraudulent transfer is a civil cause of action. It arises in debtor/creditor relations, particularly with reference to insolvent debtors. The cause of action is typically brought by creditors or by bankruptcy… … Wikipedia
fraudulent conveyance — A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach. Dean v. Davis, 242 U.S. 438, 37 S.Ct. 130, 61 L.Ed. 419. Conveyance made with intent to avoid… … Black's law dictionary
fraudulent conveyance — A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach. Dean v. Davis, 242 U.S. 438, 37 S.Ct. 130, 61 L.Ed. 419. Conveyance made with intent to avoid… … Black's law dictionary
List of Uniform Acts (United States) — In the United States, a Uniform Act or Uniform Law is a proposed state law drafted by the National Conference of Commissioners on Uniform State Laws (NCCUSL). TOC Drafting of uniform acts In the United States, a Uniform Act or Uniform Law is a… … Wikipedia
UFTA — Uniform Fraudulent Transfer Act (1984), which is the successor to the UFCA www.law.cornell.edu/uniform/vol7.html … Black's law dictionary
UFTA — abbrUniform Fraudulent Transfer Act see also the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. UFTA … Law dictionary
UFCA — abbrUniform Fraudulent Conveyance Act see also the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. UFCA … Law dictionary
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