2021 House Bill 4618 / 2022 Public Act 145

Update “fraudulent transactions” law

Introduced in the House

April 13, 2021

Introduced by Rep. Jim Haadsma (D-62)

To update a “uniform fraudulent transfer act” based on a model created by a national Uniform Law Commission for “providing remedies for certain transactions by a debtor that are unfair to the debtor’s creditors,” so as to conform to changes to a “qualified dispositions in trust act”.

Referred to the Committee on Financial Services

June 23, 2021

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Nov. 4, 2021

Passed in the House 102 to 0 (details)

Received in the Senate

Nov. 9, 2021

Referred to the Committee on Judiciary and Public Safety

June 30, 2022

Reported without amendment

With the recommendation that the bill pass.

Passed in the Senate 38 to 0 (details)

To update a “uniform fraudulent transfer act” based on a model created by a national Uniform Law Commission for “providing remedies for certain transactions by a debtor that are unfair to the debtor’s creditors,” so as to conform to changes to a “qualified dispositions in trust act”.

Signed by Gov. Gretchen Whitmer

July 19, 2022