UNIFORM VOIDABLE TRANSACTIONS ACT
Act 434 of 1998
566.37 Action for relief against transfer or obligation; right of creditor to execution on asset or proceeds.
Sec. 7.
(1) In an action for relief against a transfer or obligation under this act, a creditor, subject to the limitations in section 8, may obtain 1 or more of the following:
(a) Avoidance of the transfer or obligation to the extent necessary to satisfy the creditor's claim.
(b) An attachment or other provisional remedy against the asset transferred or other property of the transferee if available under applicable law.
(c) Subject to applicable principles of equity and in accordance with applicable court rules and statutes, 1 or more of the following:
(i) An injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property.
(ii) Appointment of a receiver to take charge of the asset transferred or of other property of the transferee.
(iii) Any other relief the court determines appropriate.
(2) If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.
History: 1998, Act 434, Imd. Eff. Dec. 30, 1998 ;-- Am. 2016, Act 552, Eff. Apr. 10, 2017
Notes of Decisions
Cited in
31
cases (
9 in the last 5 years), 2005–2026 · leading case:
Estes v. Titus, 751 N.W.2d 493 (Mich. 2008).
Estes v. Titus, 751 N.W.2d 493 (Mich. 2008).
· cites it 2× “32 MCL 566.37 provides: (1) In an action for relief against a transfer or obligation under this act, a creditor, subject to the limitations in [MCL 566.”
In re Blume, 591 B.R. 675 (Bankr. E.D. Mich. 2018).
· cites it 10× “Set aside the transfer of the Rochester Hills Property, pursuant to MCL § 566.37(1)(a) ; ii. Impose a constructive trust and grant Peskin-Shepherd an equitable lien on the Rochester Hills property; iii.”
Rdm Holdings, Ltd v. Cont'l Plastics Co, 762 N.W.2d 529 (Mich. Ct. App. 2008).
“Indeed, if plaintiffs were allowed to pursue the UFTA claim in state court, and were they successful in obtaining the requested relief attaching the transferred assets, MCL 566.37(1) (b) (attachment relief for UFTA violation), an underlying premise upon which the relief was…”
Ryan Racing, LLC v. Gentilozzi, 231 F. Supp. 3d 269 (W.D. Mich. 2017).
· cites it 2× “Fraudulent Transfer The Michigan Uniform Fraudulent Transfer Act (UFTA), Mich. Comp. Laws § 566.31 et seq., permits a creditor to avoid a transfer that is fraudulent, “to the extent necessary to satisfy the creditor’s claim.”
In re Dzierzawski, 518 B.R. 415 (Bankr. E.D. Mich. 2014).
· cites it 2× “See Mich. Comp. Laws §§ 566.37 (l)(a); 566.88(2)(a).”
Lewis v. Harlin (In Re Harlin), 325 B.R. 184 (Bankr. E.D. Mich. 2005).
· cites it 2× “In response, Defendant argues that the Court should deny the Trustee’s motion because the Court’s Order fully complies with the authority granted to it under Michigan’s Uniform Fraudulent Transfer Act, specifically, Mich. Comp. Laws Ann. § 566.37 (c). The Court holds that its…”
Mather Investors, LLC v. Larson, 720 N.W.2d 575 (Mich. Ct. App. 2006).
“See MCL 566.37(l)(a); 566.38(2). As was the case in Patón, the transferor here has ostensibly parted with any interest in the assets.”
Mather Investors, LLC v. Larson, 746 N.W.2d 617 (Mich. 2008).
· cites it 6× “This conclusion is bolstered by MCL 566.37, which states: (1) In an action for relief against a transfer or obligation under this act, a creditor, subject to the limitations in section 8, may obtain 1 or more of the following: (a) Avoidance of the transfer or obligation to the…”
— Mich. Comp. Laws § 566.37(1) — 3 cases
Rdm Holdings, Ltd v. Cont'l Plastics Co, 762 N.W.2d 529 (Mich. Ct. App. 2008).
“Indeed, if plaintiffs were allowed to pursue the UFTA claim in state court, and were they successful in obtaining the requested relief attaching the transferred assets, MCL 566.37(1) (b) (attachment relief for UFTA violation), an underlying premise upon which the relief was…”
Mather Investors, LLC v. Larson, 746 N.W.2d 617 (Mich. 2008).
“This conclusion is bolstered by MCL 566.37, which states: (1) In an action for relief against a transfer or obligation under this act, a creditor, subject to the limitations in section 8, may obtain 1 or more of the following: (a) Avoidance of the transfer or obligation to the…”
— Mich. Comp. Laws § 566.37(1)(a) — 9 cases
In re Blume, 591 B.R. 675 (Bankr. E.D. Mich. 2018).
“Set aside the transfer of the Rochester Hills Property, pursuant to MCL § 566.37(1)(a) ; ii. Impose a constructive trust and grant Peskin-Shepherd an equitable lien on the Rochester Hills property; iii.”
Mather Investors, LLC v. Larson, 746 N.W.2d 617 (Mich. 2008).
“This conclusion is bolstered by MCL 566.37, which states: (1) In an action for relief against a transfer or obligation under this act, a creditor, subject to the limitations in section 8, may obtain 1 or more of the following: (a) Avoidance of the transfer or obligation to the…”
— Mich. Comp. Laws § 566.37(1)(b) — 1 case
— Mich. Comp. Laws § 566.37(1)(c) — 1 case
— Mich. Comp. Laws § 566.37(1)(c)(I) — 1 case
In re Blume, 591 B.R. 675 (Bankr. E.D. Mich. 2018).
“Set aside the transfer of the Rochester Hills Property, pursuant to MCL § 566.37(1)(a) ; ii. Impose a constructive trust and grant Peskin-Shepherd an equitable lien on the Rochester Hills property; iii.”
— Mich. Comp. Laws § 566.37(1)(c)(iii) — 3 cases
In re Blume, 591 B.R. 675 (Bankr. E.D. Mich. 2018).
“Set aside the transfer of the Rochester Hills Property, pursuant to MCL § 566.37(1)(a) ; ii. Impose a constructive trust and grant Peskin-Shepherd an equitable lien on the Rochester Hills property; iii.”
— Mich. Comp. Laws § 566.37(2) — 4 cases
In re Blume, 591 B.R. 675 (Bankr. E.D. Mich. 2018).
“Set aside the transfer of the Rochester Hills Property, pursuant to MCL § 566.37(1)(a) ; ii. Impose a constructive trust and grant Peskin-Shepherd an equitable lien on the Rochester Hills property; iii.”
Mather Investors, LLC v. Larson, 746 N.W.2d 617 (Mich. 2008).
“This conclusion is bolstered by MCL 566.37, which states: (1) In an action for relief against a transfer or obligation under this act, a creditor, subject to the limitations in section 8, may obtain 1 or more of the following: (a) Avoidance of the transfer or obligation to the…”
— Mich. Comp. Laws § 566.37(l)(a) — 1 case
Mather Investors, LLC v. Larson, 720 N.W.2d 575 (Mich. Ct. App. 2006).
“See MCL 566.37(l)(a); 566.38(2). As was the case in Patón, the transferor here has ostensibly parted with any interest in the assets.”
— Mich. Comp. Laws § 566.37(l)(b) — 1 case
In re Blume, 591 B.R. 675 (Bankr. E.D. Mich. 2018).
“Set aside the transfer of the Rochester Hills Property, pursuant to MCL § 566.37(1)(a) ; ii. Impose a constructive trust and grant Peskin-Shepherd an equitable lien on the Rochester Hills property; iii.”
— Mich. Comp. Laws § 566.37(l)(c)(iii) — 1 case
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