Section 277. Conveyance of partnership property  


Latest version.
  • 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.