Steve Mulligan, Legislative Liaison for the CBA Business Law Section, stated that he had no further comments or concerns regarding the commission bill draft. He did indicate that there may be some litigation regarding the definition as to when a transfer ensues under the act, but it was not a concern. Commissioner Gardner confirmed with Mr. Mulligan that there was not a legislative fix available to prevent this possible litigation.
The commission expressed appreciation to Mr. Lidstone, Mr. Mulligan, and the CBA Business Law Section for their work on this act and the years of testimony and discussion, by both the CBA and the commission, leading to the compromises found in order to proceed forward with the act.
Commissioner Gardner moved that the commission proceed with introducing the Uniform Voidable Transactions Act, as drafted and with the changes discussed, as a commission bill. Commissioner Levy seconded and the motion passed without objection.