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MA H1932
Bill
Status
2/27/2025
Primary Sponsor
Alice Peisch
Click for details
AI Summary
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Renames Massachusetts General Laws Chapter 109A from "Uniform Fraudulent Transfer Act" to "Uniform Voidable Transactions Act," aligning with the 2014 Uniform Law Commission updates
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Establishes preponderance of the evidence as the standard of proof for creditors seeking to void transfers, and creates a rebuttable presumption of insolvency when a debtor is generally not paying debts as they become due
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Adds new definitions for "electronic," "organization," "record," and "sign" to modernize the statute and accommodate digital transactions and electronic signatures
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Creates choice-of-law rules based on debtor location: individuals at principal residence, single-location organizations at place of business, multi-location organizations at principal place of business
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Applies only to transfers and obligations made on or after the effective date; does not apply retroactively to prior transfers or already-accrued rights of action
Legislative Description
Relative to the uniform voidable transactions act
Last Action
Hearing scheduled for 04/22/2025 from 01:00 PM-05:00 PM in A-2
10/14/2025