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Session Laws, 1975
Volume 716, Page 620   View pdf image
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620

LAWS OF MARYLAND

[Ch. 49

Art. 39B, §3.

The only changes are technical changes in
style.

15-204. CONVEYANCE BY INSOLVENT.

EVERY CONVEYANCE MADE AND EVERY OBLIGATION INCURRED
BY A PERSON WHO IS OR WILL BE RENDERED INSOLVENT BY IT IS
FRAUDULENT AS TO CREDITORS WITHOUT REGARD TO HIS ACTUAL
INTENT, IF THE CONVEYANCE IS MADE OR THE OBLIGATION IS
INCURRED WITHOUT A FAIR CONSIDERATION.

REVISOR'S NOTE: This section presently appears as
Art. 39B, §4.

The only changes are technical changes in
style.

15-205. CONVEYANCE BY PERSON IN BUSINESS.

EVERY CONVEYANCE MADE WITHOUT FAIR CONSIDERATION
WHEN THE PERSON WHO MAKES 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 SHALL CAPITAL, IS FRAUDULENT AS TO
CREDITORS AND OTHER PERSONS WHO BECOME CREDITORS DURING
THE CONTINUANCE OF THE BUSINESS OR TRANSACTION WITHOUT
REGARD TO HIS ACTUAL INTENT.

REVISOR'S NOTE: This section presently appears as
Art. 39B, §5.

The only changes are technical changes in
style.

15-206. CONVEYANCE BY A PERSON ABOUT TO INCUR DEBTS.

EVERY CONVEYANCE MADE AND EVERY OBLIGATION INCURRED
WITHOUT FAIR CONSIDERATION WHEN THE PERSON WHO MAKES THE
CONVEYANCE OR WHO ENTERS INTO THE OBLIGATION INTENDS OR
BELIEVES THAT HE WILL INCUR DEBTS BEYOND HIS ABILITY TO
PAY AS THEY MATURE, IS FRAUDULENT AS TO BOTH PRESENT AND
FUTURE CREDITORS.

REVISOR'S NOTE: This section presently appears as
Art. 39B, §6.

The only changes are technical changes in
style.

15-207. CONVEYANCE MADE WITH INTENT TO DEFRAUD.

EVERY CONVEYANCE MADE AND EVERY OBLIGATION INCURRED

 

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Session Laws, 1975
Volume 716, Page 620   View pdf image
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