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 The Act itself was repealed by the Law of Property Act 1925 s 207, but the successor to the rules laid down are now found in the Insolvency Act 1986 s 423.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)
“Presidents quickly realize that while a single act might destroy the world they live in, no one single decision can make life suddenly better or can turn history around for the good.”
—Lyndon Baines Johnson (1908–1973)