Section 5113 – Uniformity of application and construction
§ 5113. Uniformity of application and construction. This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it. (Dec. 22, 2017, P.L.1249, No.78, eff. 60 days) 2017 Amendment. Act 78 added section 5113. See section 7 of […]
Section 5114 – Relation to Electronic Signatures in Global and National Commerce Act
§ 5114. Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits or supersedes the Electronic Signatures in Global and National Commerce Act (Public Law 106-229, 15 U.S.C. § 7001 et seq.), but does not modify, limit or supersede section 101(c) of the Electronic Signatures in Global and National Commerce Act […]
Section 5101 – Short title of chapter and definitions
§ 5101. Short title of chapter and definitions. (a) Short title of chapter.–This chapter, that was formerly cited as the Pennsylvania Uniform Fraudulent Transfer Act, shall be known and may be cited as the Pennsylvania Uniform Voidable Transactions Act. (b) Definitions.–The following words and phrases when used in this chapter shall have the meanings given […]
Section 5102 – Insolvency
§ 5102. Insolvency. (a) General rule.–A debtor is insolvent if, at fair valuation, the sum of the debtor’s debts is greater than the sum of the debtor’s assets. (b) Presumption of insolvency.–A debtor that is generally not paying the debtor’s debts as they become due other than as a result of a bona fide dispute […]