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SB204 (BR1417) - M. McGarvey
AN ACT relating to fraudulent transfers.
Establish KRS Chapter 378A and create new sections thereof to define terms; establish the requirements of insolvency under the Uniform Voidable Transactations Act; determine when value is given for transfer; determine the intent of a debtor on a voidable transfer; establish the voidability of transactions as to creditor claims arising prior to the transfer; determine when a transfer is made; establish remedies for a creditor; establish defenses and protections of a transferee or obligee; establish a statute of limitations for claims under KRS Chapter 378A; determine the location of debtor for jurisdictional purposes; define "protected series" and "series organization" and set out the applicability of the chapter to them; establish a short title for this chapter; repeal all sections of KRS Chapter 378; EFFECTIVE January 1, 2016.
Feb 13, 2015 - introduced in Senate
Feb 19, 2015 - to Banking & Insurance (S)
Feb 25, 2015 - taken from Banking & Insurance (S); 1st reading; returned to Banking & Insurance (S)
Feb 26, 2015 - reported favorably, 2nd reading, to Rules as a Consent Bill; posted for passage in the Regular Orders of the Day for Thursday, Friday, 26, 2015
Feb 27, 2015 - 3rd reading, passed 36-0; received in House
Mar 02, 2015 - to Banking & Insurance (H)
Mar 03, 2015 - taken from Banking & Insurance (H); 1st reading; returned to Banking & Insurance (H); posting waived
Mar 04, 2015 - reported favorably, 2nd reading, to Rules as a Consent Bill
Mar 09, 2015 - posted for passage in the Consent Orders of the Day for Tuesday, March 10, 2015
Mar 10, 2015 - 3rd reading, passed 97-0; received in Senate
Mar 11, 2015 - enrolled, signed by each presiding officer; delivered to Governor
Mar 20, 2015 - signed by Governor (Acts, ch. 037)