Section 15-213 – Certain Statutes Not Repealed
This subtitle does not repeal the law relating to: (1) Fraudulent conveyances from one spouse to the other, as provided in §§ 4-205, 4-206, and 4-301 of the Family Law Article; (2) Priorities and preferences in insolvency, as provided in Subtitle 1 of this title; or (3) Bulk transfers, as defined in Title 6 of this article.
Section 15-214 – Short Title
This subtitle may be cited as the Maryland Uniform Fraudulent Conveyance Act.
Section 15-202 – Insolvency
(a) A person is insolvent if the present fair market value of his assets is less than the amount required to pay his probable liability on his existing debts as they become absolute and matured. (b) In determining if a partnership is insolvent, there shall be added to the partnership property: (1) The present fair market value of […]
Section 15-203 – Fair Consideration
Fair consideration is given for property or an obligation, if: (1) In exchange for the property or obligation, as a fair equivalent for it and in good faith, property is conveyed or an antecedent debt is satisfied; or (2) The property or obligation is received in good faith to secure a present advance or antecedent debt in […]
Section 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.
Section 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 small capital, is fraudulent as to creditors and other persons who become creditors during the continuance of […]
Section 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.
Section 15-207 – 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 present or future creditors, is fraudulent as to both present and future creditors.
Section 15-208 – Conveyance of Partnership or Limited Liability Company Property
(a) Every conveyance of partnership property and every partnership obligation incurred when the partnership is or will be rendered insolvent by it, is fraudulent as to partnership creditors, if the conveyance is made or the obligation is incurred to: (1) A partner, whether with or without a promise by him to pay partnership debts, unless the conveyance […]
Section 15-209 – Rights of Creditor Whose Claim Has Matured
(a) If a conveyance or obligation is fraudulent as to a creditor whose claim has matured, the creditor, as against any person except a purchaser for fair consideration without knowledge of the fraud at the time of the purchase or one who has derived title immediately or immediately from such a purchaser, may: (1) Have the conveyance […]