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UFTA

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AcronymDefinition
UFTAUniform Fraudulent Transfers Act
UFTAUnderground Fashion Talent Amsterdam
UFTAUniversal Federation of Travel Agents
UFTAUnited Film & Television Artists
UFTAUnited Field Trialers Association
UFTAUkrainian Flexographic Technical Association
UFTAUnited Football Teams of America
UFTAUnited Federation of Travel Agents' Associations
UFTAUnited Farmers Trading Agency (UK)


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According to UFTA, any transfer made without receiving reasonable equivalent value and with the intent to hinder, delay or defraud any person with a claim is fraudulent and may result in the court voiding the transfer; attaching to the property; enforcing an injunction against further disposition of property; or appointing a receiver to take charge of the assets.
Previous scholarly defenses of the blanket lien therefore do not seem to justify the law's lax approach to oversecurity--nor, as noted previously, does the argument offered by the drafters of the UFTA.
Fraud under UFTA does not rise to the level of egregious and reprehensible conduct that will make an advisor legally liable for aiding and abetting a fraudulent transfer to a third party.
 
 
 
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