Section 566.101 – Conveyance With Intent to Defraud; Invalidity.
566.101 Conveyance with intent to defraud; invalidity. Sec. 1. Every conveyance of any estate or interest in lands, or the rents and profits of lands, and every charge upon lands or upon the rents and profits thereof, made or created with intent to defraud prior or subsequent purchasers for a valuable consideration, of the same […]
Section 566.102 – Notice of Prior Conveyance; Effect.
566.102 Notice of prior conveyance; effect. Sec. 2. No such conveyance or charge shall be deemed fraudulent, in favor of a subsequent purchaser, who shall have actual or legal notice of the prior conveyance or charge, at the time of his purchase, unless it shall appear that the grantee in such prior conveyance, or person […]
Section 566.103 – Conveyance Reserving Powers of Revocation or Alteration; Invalidity.
566.103 Conveyance reserving powers of revocation or alteration; invalidity. Sec. 3. Every conveyance or charge of, or upon, any estate or interest in lands, containing any provision for the revocation, determination or alteration of such estate or interest, or any part thereof, at the will of the grantor, shall be void, as against subsequent purchasers […]
Section 566.104 – Conveyance by Person Authorized to Revoke Grant; Validity.
566.104 Conveyance by person authorized to revoke grant; validity. Sec. 4. When a power to revoke a conveyance of any lands, or the rents and profits thereof, and to re-convey the same, shall be given to any person, other than the grantor in such conveyance, and such person shall thereafter convey the same lands, rents […]
Section 566.105 – Conveyance Before Vesting of Power to Revoke; Validity.
566.105 Conveyance before vesting of power to revoke; validity. Sec. 5. If a conveyance to a purchaser, under either of the 2 last preceding sections, shall be made before the person making the same shall be entitled to execute his power of revocation, it shall nevertheless be valid, from the time the power of revocation […]
Section 566.106 – Statute of Frauds; Conveyance of Interest in Lands Other Than One Year Lease.
566.106 Statute of frauds; conveyance of interest in lands other than one year lease. Sec. 6. No estate or interest in lands, other than leases for a term not exceeding 1 year, nor any trust or power over or concerning lands, or in any manner relating thereto, shall hereafter be created, granted, assigned, surrendered or […]
Section 566.107 – Statute of Frauds; Will, Trust by Implication or Operation of Law.
566.107 Statute of frauds; will, trust by implication or operation of law. Sec. 7. The preceding section shall not be construed to affect in any manner, the power of a testator in the disposition of his real estate, by a last will and testament; nor to prevent any trust from arising, or being extinguished, by […]
Section 566.41 – “Protected Series” and “Series Organization” Defined.
566.41 “Protected series” and “series organization” defined. Sec. 11. (1) As used in this section: (a) “Protected series” means an arrangement, however denominated, created by a series organization that, pursuant to the law under which the series organization is organized, has the characteristics set forth in subdivision (b). (b) “Series organization” means an organization that, […]
Section 566.42 – Principles of Law and Equity as Supplemental Provisions of Act.
566.42 Principles of law and equity as supplemental provisions of act. Sec. 12. Unless displaced by the provisions of this act, the principles of law and equity, including the law merchant and the law relating to principal and agent, estoppel, laches, fraud, misrepresentation, duress, coercion, mistake, insolvency, or other validating or invalidating cause, supplement the […]
Section 566.33 – Transfer for Value.
566.33 Transfer for value. Sec. 3. (1) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied. Value does not include an unperformed promise made otherwise than in the ordinary course of the promisor’s business to furnish […]