The Senate Civil Law Committee heard Sen. Bray’s SB 172, enacting the Uniform Voidable Transactions Act. This bill governs the ability of a creditor to nullify certain transfers made by a debtor. The Committee adopted an amendment that does not change the effect of the bill, but amends current law instead of adding a new section of law. A representative of the Uniform Law Commission testified in favor of the bill. The amended bill passed 8-0.
Read the bill at http://iga.in.gov/legislative/2015/bills/senate/172.