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 The Act itself was repealed by the Law of Property Act 1925 s 207, but the successor to the rules laid down are now found in the Insolvency Act 1986 s 423.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:
“A fraudulent intent, however carefully concealed at the outset, will generally, in the end, betray itself.”
—Titus Livius (Livy)
“And this must be the prime of life . . . I blink,
As if at pain; for it is pain, to think
This pantomime
Of compensating act and counter-act,
Defeat and counterfeit, makes up, in fact,
My ablest time.”
—Philip Larkin (1922–1986)