684 LAWS OF MARYLAND. [CH. 395

SECTION 3. (Fair Consideration.) Fair consideration is
given for property, or obligation,

(a) When in exchange for such property, or obligation, as
a fair equivalent therefor, and in good faith, property is con-
veyed or an antecedent debt is satisfied, or

(b) When such property or obligation is received in good
faith to secure a present advance or antecedent debt in amount
not disproportionately small as compared with the value of
the property, or obligation obtained.

SECTION 4. (Conveyance by Insolvent.) Every convey-
ance made and every obligation incurred b.y a person who is
or will be thereby rendered insolvent is fraudulent as to credi-
tors without regard to his actual intent if the conveyance is
made or the obligation is incurred without a fair consideration.

SECTION 5. (Conveyance by Persons in Business.) Every
conveyance made without fair consideration when the person
making it is engaged or is about to engage in a business or
transaction for which the property remaining in his hands
after the conveyance is an unreasonably small capital, is fraud-
ulent as to creditors and as to other persons who become
creditors during the continuance of such business or trans-
action without regard to his actual intent.

SECTION 6. (Conveyance by a Person about to Incur Debts. I
Every conveyance made and every obligation incurred with-
out fair consideration when the person making the conveyance
or entering into the obligation intends or believes that he will
incur debts beyond his ability to pay as they mature, is fraud-
ulent as to both present and future creditors.

SECTION 7. (Conveyance Made With Intent to Defraud.)
Every conveyance made and every obligation incurred with
actual intent, as distinguished from intent presumed in law,
to hinder, delay, or defraud either present or future creditors,
is fraudulent as to both present and future creditors.

SECTION 8. (Conveyance of Partnership Property.) Every
conveyance of partnership property and every partnership
obligation incurred when the partnership is or will be thereby
rendered insolvent, is fraudulent as to partnership creditors,
if the conveyance is made or obligation is incurred,

(a) To a partner, whether with or without a promise by
him to pay partnership debts, or