Voluntary conveyances to defraud creditors
172 Voluntary conveyances to defraud creditors
S. 172(1) amended by No. 6491 s. 2(a).
Save as provided in this section, every alienation of property made, whether before or after the commencement of this Act, with intent to defraud creditors, shall be voidable, at the instance of any person thereby prejudiced.
This section shall not affect the operation of a disentailing assurance, or the law of bankruptcy or insolvency for the time being in force.
S. 172(3) amended by No. 6491 s. 2(b).
This section shall not extend to any estate or interest in property alienated for valuable consideration and in good faith or upon good consideration and in good faith to any person not having, at the time of the alienation, notice of the intent to defraud creditors.
No. 3754 s. 173.
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