KY SB204 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 20 2015 - 100% progression
Action: 2015-03-20 - signed by Governor (Acts, ch. 037)
Text: Latest bill text (Draft #3) [MS Word]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 20 2015 - 100% progression
Action: 2015-03-20 - signed by Governor (Acts, ch. 037)
Text: Latest bill text (Draft #3) [MS Word]
Summary
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.
Title
AN ACT relating to fraudulent transfers.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-20 | Senate | signed by Governor (Acts, ch. 037) |
| 2015-03-11 | Senate | delivered to Governor |
| 2015-03-11 | Senate | enrolled, signed by each presiding officer |
| 2015-03-10 | Senate | received in Senate |
| 2015-03-10 | House | 3rd reading, passed 97-0 |
| 2015-03-09 | House | posted for passage in the Consent Orders of the Day for Tuesday, March 10, 2015 |
| 2015-03-04 | House | reported favorably, 2nd reading, to Rules as a Consent Bill |
| 2015-03-03 | House | posting waived |
| 2015-03-03 | House | returned to Banking & Insurance (H) |
| 2015-03-03 | House | 1st reading |
| 2015-03-03 | House | taken from Banking & Insurance (H) |
| 2015-03-02 | House | to Banking & Insurance (H) |
| 2015-02-27 | House | received in House |
| 2015-02-27 | Senate | 3rd reading, passed 36-0 |
| 2015-02-26 | Senate | posted for passage in the Regular Orders of the Day for Thursday, Friday, 26, 2015 |
| 2015-02-26 | Senate | reported favorably, 2nd reading, to Rules as a Consent Bill |
| 2015-02-25 | Senate | returned to Banking & Insurance (S) |
| 2015-02-25 | Senate | 1st reading |
| 2015-02-25 | Senate | taken from Banking & Insurance (S) |
| 2015-02-19 | Senate | to Banking & Insurance (S) |
| 2015-02-13 | Senate | introduced in Senate |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/15RS/SB204.htm |
| Text | http://www.lrc.ky.gov/record/15RS/SB204/bill.doc |
| Supplement | http://www.lrc.ky.gov/record/15RS/SB204/vote_history.pdf |
