Uniform Fraudulent Transfer Act

This act governs transfers of property and obligations incurred by a debtor that place assets beyond the reach of creditors unfairly. It defines when such a transfer or obligation is fraudulent as to creditors — distinguishing claims available to existing creditors from those available to both existing and future creditors — and supplies the supporting standards for insolvency, for what counts as value, and for when a transfer is deemed made or an obligation incurred. It also sets out the remedies a creditor may pursue, the defenses and protections available to a transferee who received the property, and the period after which a claim under the act is extinguished.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.