Title 18, Chapter 2, Section 22
( 18-2-22)
The following acts by debtors shall be fraudulent in law against
creditors and others and as to them shall be null and void: (1) Every assignment or transfer by a debtor, insolvent at the
time, of real or personal property or choses in action of any
description to any person, either in trust or for the benefit of
or on behalf of creditors, where any trust or benefit is reserved
to the assignor or any person for him; (2) Every conveyance of real or personal estate, by writing or
otherwise, and every bond, suit, judgment and execution, or
contract of any description had or made with intention to delay or
defraud creditors, where such intention is known to the taking
party; a bona fide transaction on a valuable consideration, where
the taking party is without notice or ground for reasonable
suspicion of said intent of the debtor, shall be valid; and (3) Every voluntary deed or conveyance, not for a valuable
consideration, made by a debtor who is insolvent at the time of
the conveyance. |