Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1920-06-25
PUBLIC GENERAL LAWS.

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contingent.
SECTION ,. Insolvency % A person is inSoIr...
the present fair saabe value of his assets is less
amount that viii be required to pay his probable Tg
his existing debts they become absolute and matur
f2) In determining whether partnership is oI
there shall be added to the partnership property tf
fair saabe value of the separate assets of each general
i'm excess of the amount probably sufficient to meet M M
of his separate creditors and also the of any
subscription to the partnership OF each limited partner
yded the present fair alable value of the assets of M
tied partner probably sufficient TO pay his debts n
such unpaid subscription.
SECTION g. (Fair Consideration.) Fair cunsilcrai
given for property, or obligation,
(a) When in exchange for such property or Obligation
fair equivalent therefor, and in good faith property
viewed on an antecedent debt is satisfied or
(b) When such property obligation is received in c3
faith to present advance anteceden debt in am
aot disproportionatey small compared with the ,alp
he property, or obligation obtained.
SECTION 4. Conveyance by lnsolvent( Every cor,
,nce made and every obligation incurred 10y person u
NJ will be thereby rendered insovent is fraudulent to c
ors without regard to his actual intent if the conyyn
made or the obligation is incurred without fair conS
SECTION s. Conveyance by Persons in Business Eva,
conveyance made without fair consideration when the pxm
making it is engaged is about to engage IN business
transaction for which the property remaining in hi, hani
lcr the conveyance an unreasonaby small capital is f
ent as to creditors and other persons who bc,
,ction without regard to his actual intent.
SECTION g. Conveyance by Person about to Incur Debts
Every conveyance made and every obligation incurred with
ut fair consideration when the person making the concy
N entering into the obligation intends believes that will
ncur debts beyond his ability to pay as they mature l
lent as to both present and future creditors.
SECTION T. Conveyance Made With intent to Dpfmui
every conveyance made and every obligation incurred with
ctual intent distinguished from intent presumed in law
hinder delay defraud either present future creditors
S fraudulent to both present and future creditors
SECTION s. Conveyance of Partnership Property Ever
conveyance of partnership property and every partnership
litigation incurred when the partnership is or will be therein
endered insovent is fraudulent to partnership CREDITOR
f the conveyance is made obligation is incurred,
(a) TO partner whether with or without proms, BY
i'm to pay partnership debts or
(b) To a person a partner without fair consideration
the partnership distinguished from consideration the
Individual partners.
SECTION g. (Rights of Creditors Whose Claims Have
datured) % Where a conveyance obligation is raan
ent to creditor such creditor when hls claim has ma
ured may against any person except purchaser for fair
consideration without knowledge of the fraud at the time
he purchase one who has derived title Immediately or
nediatey from such purchaser,
(a) Have the conveyance set aside oreoblgaon annud
o the extent necessary to satisfy his claim, or
(b) Disregard the conveyance and attach or levy e
ion upon the property conveyed.
(2) purchaser who without actual fraudulent intent has
.ven less than fair consideration for the conveyance
obligations may retain the property obligation as security
or repayment.
SECTION 10. rights of Creditors Whose Claims Have MOI
Matured0 Where a conveyance made obligation lncurN
fraudulent creditor whose claim has not mator7
re may proceed in court of competent jurisdiction aga
my person against whom he could have proceeded had Din
laim matlred and the court may,
(a) Restrain the defendant from dsposing OF his prop
rty,
(b) Appoint receiver to take charge of the properly
c) Set aside the conveyance annul the obligation or
I'D Make any order which the circumstances Of the S
nay require.
SECTION II. Gases not Provided for in Act) In any gay
provided for in this Act the rules of law and equity IT,
udng the law merchant and in particular the rules ras
the law of principal and agent and the effect OF fraud w
representation, duress coercion, mistake bankruPH
)ther invadating shall govern.
SECTION II. CONSTRUCTION of Act.) This Act shan De y
Interpreted and construed efectuate its general Pup
make uniform the law of those states which enact IT,
SECTION b. Name Of Act) This Act may be cled ds "
Uniform Fraudulent Conveyance Act.
SECTION II. Inconsistent Legislation Repealed 'e''p
statutes not repeatedly All Acts parts OF Acts
with this Act hereby repealed But nothing herein '
e construed to Iepeal any part of the existing noe %
# this State contained in Article AZ of the Code Of
General Laws of Maryland (Bagbys Code so lar a.
nsolvent Law is not superseded by the Federal Dam" -
Law; the law relating to fraudulent conyeyances
husband to wife contained in Article 40, Sections ~
II Of said Code the provisions of Article TO- 9F M