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 The Act itself was repealed by the Law of Property Act 1925 s 207, but the successor to the rules laid down are now found in the Insolvency Act 1986 s 423.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:
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“So work the honey-bees,
Creatures that by a rule in nature teach
The act of order to a peopled kingdom.”
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