Fraudulent Conveyances Act 1571

The Fraudulent Conveyances Act 1571 (13 Eliz 1, c 5), also known as the Statute of 13 Elizabeth, was an Act of Parliament in England, which laid the foundations for fraudulent transactions to be unwound when a person had gone insolvent or bankrupt. The Act itself was repealed by the Law of Property Act 1925 s 207, but the successor to the rules laid down are now found in the Insolvency Act 1986 s 423.

Read more about Fraudulent Conveyances Act 1571:  Text, Cases Under The Act, United States, See Also

Famous quotes containing the words fraudulent and/or act:

    It is pretty obvious that the debasement of the human mind caused by a constant flow of fraudulent advertising is no trivial thing. There is more than one way to conquer a country.
    Raymond Chandler (1888–1959)

    Eminent spiritualists shall have an incapacity of putting their act or word aloof from them, and seeing it bravely for the nothing it is. Beware of the man who says, “I am on the eve of a revelation.”
    Ralph Waldo Emerson (1803–1882)