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MA H1932

Bill

Status

Introduced

2/27/2025

Primary Sponsor

Alice Peisch

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Renames Massachusetts General Laws Chapter 109A from "Uniform Fraudulent Transfer Act" to "Uniform Voidable Transactions Act," aligning with the 2014 Uniform Law Commission updates

  • 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

  • Adds new definitions for "electronic," "organization," "record," and "sign" to modernize the statute and accommodate digital transactions and electronic signatures

  • 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

  • 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

Committee Referrals

Judiciary2/27/2025

Full Bill Text

No bill text available