Uniform Fraudulent Conveyance Act(UFCA)

Law

Legal Definition of Uniform Fraudulent Conveyance Act

set of laws adopted in 1918 by a national commission on uniform state laws seeking to address the issue of conveyances made by an insolvent or bankrupt debtor who attempts to defraud a creditor. Some conveyances were presumed fraudulent while others required that there be actual intent to commit fraud. The Act has been replaced in most states by the Uniform Fraudulent Transfer Act.

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“Uniform Fraudulent Conveyance Act.” The Merriam-Webster.com Legal Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/legal/Uniform%20Fraudulent%20Conveyance%20Act. Accessed 15 December 2019.

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