Laws of New York (Last Updated: November 21, 2014) |
DCD Debtor and Creditor |
Article 10. FRAUDULENT CONVEYANCES. |
Section 277. Conveyance of partnership property
Latest version.
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Every conveyance of partnership property and every partnership obligation incurred when the partnership is or will be thereby rendered insolvent, is fraudulent as to partnership creditors, if the conveyance is made or obligation is incurred, a. To a partner, whether with or without a promise by him to pay partnership debts, or b. To a person not a partner without fair consideration to the partnership as distinguished from consideration to the individual partners.