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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1480   View pdf image (33K)
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1480 ARTICLE 39B.

1920, ch. 395, sec. 9.

9. (Rights of Creditors Whose Claims Have Matured.) (1) Where a
conveyance or obligation is fraudulent as to a creditor, such creditor, when
his claim has matured, may, as against any person except a purchaser for
fair consideration without knowledge of the fraud at the time of the pur-
chase, or one who has derived title immediately or mediately from such a
purchaser,

(a) Have the conveyance set aside or obligation annulled to the extent
necessary to satisfy his claim, or

(b) Disregard the conveyance and attach or levy execution upon the
property conveyed.

(2) A purchaser who without actual fraudulent intent has given less
than a fair consideration for the conveyance or obligation, may retain the
property or obligation as security for repayment.

1920, ch. 395, sec. 10.

10. (Rights of Creditors Whose Claims Have Not Matured.) Where a
conveyance made or obligation incurred is fraudulent as to a creditor
whose claim has not matured he may proceed in a court of competent juris-
diction against any person against whom he could have proceeded had his
claim matured, and the court may,

(a) Restrain the defendant from disposing of his property, \

(b) Appoint a receiver to take charge of the property,

(c) Set aside the conveyance or annul the obligation, or

(d) Make any order which the circumstances of the case may require.

1920, ch. 395, sec. 11.

11. (Cases not Provided f or in Article.) In any case not provided for
in this Article the rules of law and equity including the law merchant,
and in particular the rules relating to the law of principal and agent, and
the effect of fraud, misrepresentation, duress or coercion, mistake, bank-
ruptcy or other invalidating cause shall govern.

1920, ch. 395, sec. 12.

12. (Construction of Article.) This Article shall be so interpreted and
construed as to effectuate its general purpose to make uniform the law of
those states which enact it.

1920, ch. 395, sec. 13.

13. (Name of Act.) This Act may be cited as the Uniform Fraudulent
Conveyance Act.

1920. ch. 395, sec. 14.

14. (Inconsistent Legislation Repealed. Certain statutes not repealed.)
All Acts or parts of Acts inconsistent with this Act are hereby repealed.
But nothing herein shall be construed to repeal any part of the existing
insolvent law of this State as contained in Article 47 of the Code of Public

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1480   View pdf image (33K)
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