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Michigan Compiled Laws Complete Through PA 563 of 2016
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Act 434 of 1998
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***** Act 434 of 1998 THIS TITLE, BEGINNING WITH THE FIRST INSTANCE OF "AN ACT", IS AMENDED EFFECTIVE APRIL 10, 2017; THIS AMENDED TITLE, BEGINNING WITH THE SECOND INSTANCE OF "AN ACT", IS EFFECTIVE APRIL 10, 2017 *****


UNIFORM FRAUDULENT TRANSFER ACT

Act 434 of 1998

AN ACT to define and regulate fraudulent transfers and conveyances; to set aside and modify certain transfers and conveyances; to make uniform the law of fraudulent transfers; and to repeal acts and parts of acts. AN ACT to provide for the setting aside and modification of certain transfers, conveyances, and obligations; to make uniform the law of fraudulent transfers; and to provide remedies.


History: 1998, Act 434, Imd. Eff. Dec. 30, 1998 ;-- Am. 2016, Act 552, Eff. Apr. 10, 2017


© 2015 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 566.31SectionDefinitions.
Section 566.31.amendedSectionDefinitions.
Section 566.32SectionInsolvency.
Section 566.32.amendedSectionInsolvency.
Section 566.33SectionTransfer for value.
Section 566.33.amendedSectionTransfer for value.
Section 566.34SectionTransfer with intent to defraud.
Section 566.34.amendedSectionTransfer with intent to defraud.
Section 566.35SectionTransfer by debtor as fraud.
Section 566.35.amendedSectionTransfer by debtor as voidable.
Section 566.36SectionCompletion of transfer; perfection.
Section 566.36.amendedSectionTransfer as perfected; completion.
Section 566.37SectionAction for relief against transfer or obligation; right of creditor to execution on asset or proceeds.
Section 566.37.amendedSectionAction for relief against transfer or obligation; right of creditor to execution on asset or proceeds.
Section 566.38SectionTransfer or obligation not voidable; recovery of judgment; rights of good-faith transferee or obligee.
Section 566.38.amendedSectionTransfer or obligation not voidable; recovery of judgment; rights of good-faith transferee or oblige; burden of proof; preponderance of evidence as standard of proof.
Section 566.39SectionCause of action; extinguishment.
Section 566.39.amendedSectionClaim for relief; extinguishment.
Section 566.40SectionSupplemental principles of law and equity.
Section 566.40.amendedSectionDebtor's location; jurisdiction.
Section 566.41SectionApplication and construction of act.
Section 566.41.amendedSection"Protected series" and "series organization" defined.
Section 566.42SectionShort title.
Section 566.42.amendedSectionPrinciples of law and equity as supplemental provisions of act.
Section 566.43SectionRepeal of MCL 566.11 to 566.23.
Section 566.43.amendedSectionApplication and construction of act.
Section 566.44.addedSectionElectronic signatures or delivery.
Section 566.45.addedSectionShort title; applicable provisions.
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