H 4331
An Act relative to the uniform voidable transactions act
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Bill overview
This bill implements revisions to Massachusetts’ version of the Uniform Voidable Transactions Act. It clarifies definitions related to ‘electronic,’ ‘organization,’ ‘person,’ and ‘record,’ and updates provisions regarding insolvency and the circumstances under which a transfer can be deemed voidable. Specifically, it modifies the presumption of insolvency and addresses situations involving good-faith transfers and liens.
Key provisions
- Clarified definitions of ‘electronic,’ ‘organization,’ ‘person,’ and ‘record’ within the act.
- Revised the definition of ‘debtor’ to include ‘electronic’ technology.
- Established a presumption of insolvency if a debtor’s debts exceed their assets.
- Added provisions regarding transfers made in good faith and for a reasonably equivalent value.
- Modified rules concerning liens and the ability to recover judgments against transferees.
- Updated the standard of proof required to establish claims for relief under the act.
- Adjusted the process for determining a debtor’s location.
- Clarified the application of the act to transfers resulting from lease terminations or security interest enforcement.
Who is affected
- Businesses
- Creditors
- Debtors
- Financial Institutions
- Legal Professionals
Notable changes
- Revised the presumption of insolvency to place the burden of proof on the party challenging insolvency.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joint Committee on the Judiciary
Cosponsor
Alice Hanlon Peisch
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Bill H.4331 194th (Current)
An Act relative to the uniform voidable transactions act
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Bill Information
Bill Information
Sponsor: Joint Committee on the Judiciary Status: Referred to House Committee on Ways and Means
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Bill History Cosponsors Committee Summary
Bill History
Displaying 3 actions for Bill H.4331
| Date | Branch | Action |
| 7/30/2025 | House | Reported from the committee on The Judiciary |
| 7/30/2025 | House | New draft of H1932 |
| 7/30/2025 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
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