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 The Act itself was repealed by the Law of Property Act 1925 s 207, but the successor to the rules laid down are now found in the Insolvency Act 1986 s 423.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)

    Spirit is now a very fashionable word: to act with Spirit, to speak with Spirit, means only to act rashly, and to talk indiscreetly. An able man shows his Spirit by gentle words and resolute actions; he is neither hot nor timid.
    Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)