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FUFTA

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AcronymDefinition
FUFTAFlorida Uniform Fraudulent Transfer Act


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The Florida Supreme Court in Freeman concluded that FUFTA was not intended to serve as a vehicle by which a creditor may bring a suit against a nontransferee party for money damages arising from the nontransferee party's alleged aiding and abetting of a fraudulent money transfer.
To rule otherwise "would be to expand the FUFTA beyond its facial application and in a manner that is outside the purpose and plain language of the statute," said the unsigned opinion in Lewis B.
The district court held that the FUFTA allows creditors only to set aside fraudulent transfers.
 
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