555.8 Payment of consideration for conveyance to another; presumption as fraudulent; resulting trust for creditors of payee.
Sec. 8.
Every such conveyance shall be presumed fraudulent, as against the creditors of the person paying the consideration; and when a fraudulent intent is not disproved, a trust shall result in favor of such creditors, to the extent that may be necessary to satisfy their just demands.
History: R.S. 1846, Ch. 63 ;– CL 1857, 2638 ;– CL 1871, 4121 ;– How. 5570 ;– CL 1897, 8836 ;– CL 1915, 11572 ;– CL 1929, 12974 ;– CL 1948, 555.8