Uniform Fraudulent Transfer Act Law and Legal Definition

The Uniform Fraudulent Transfer Act is a model act passed to bring uniformity among the states in the U.S. regarding the definition and penalties for fraudulent transfers. The Act replaced the Uniform Conveyance Act in 1984.

Under the Uniform Fraudulent Transfer Act, a crime is committed by a transfer made or obligation by a debtor is fraudulent as to a creditor or the creditor arose before or after the transfer was made or the obligation was incurred.