Sec. 15.
(1) This act, which was formerly known and cited as the "uniform fraudulent transfer act", shall be known and may be cited as the "uniform voidable transactions act".
(2) All of the following apply to sections 1 to 13 as amended, and to section 14 and this section as added, by the amendatory act that added this section:
(a) The sections as amended or added apply to a transfer made or obligation incurred on or after the effective date of the amendatory act that added this section.
(b) The sections as amended or added do not apply to a transfer made or obligation incurred before the effective date of the amendatory act that added this section.
(c) The sections as amended or added do not apply to a right of action that accrued before the effective date of the amendatory act that added this section.
(d) For purposes of this subsection, a transfer is made and an obligation is incurred at the time provided in section 6.
History: Add. 2016, Act 552, Eff. Apr. 10, 2017
Structure Michigan Compiled Laws
Chapter 566 - Fraudulent Conveyances and Contracts
Act 434 of 1998 - Uniform Voidable Transactions Act (566.31 - 566.45)
Section 566.33 - Transfer for Value.
Section 566.34 - Transfer With Intent to Defraud.
Section 566.35 - Transfer by Debtor as Voidable.
Section 566.36 - Transfer as Perfected; Completion.
Section 566.39 - Claim for Relief; Extinguishment.
Section 566.40 - Debtor's and Qualified Trustee's Location; Jurisdiction.
Section 566.41 - "Protected Series" and "Series Organization" Defined.
Section 566.42 - Principles of Law and Equity as Supplemental Provisions of Act.
Section 566.43 - Application and Construction of Act.