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Uniform Voidable Transactions Act Signed Into Law in NY

On Dec. 6, 2019, Gov. Andrew Cuomo signed legislation modernizing New York's 95-year-old fraudulent conveyance law and making it consistent with the U.S. Bankruptcy Code and the law of at least 44 other states. The Uniform Voidable Transactions Act (UVTA) primarily clarifies the rights and remedies of parties involved in transactions with financially distressed entities.

7 minute readJanuary 01, 2020 at 12:07 AM
By
Thomas R. Slome, Michelle McMahon
Sophia Hepheastou
Uniform Voidable Transactions Act Signed Into Law in NY

On Dec. 6, 2019, Gov. Andrew Cuomo signed legislation modernizing New York's 95-year-old fraudulent conveyance law and making it consistent with the U.S. Bankruptcy Code and the law of at least 44 other states.

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