Law of Property (Amendment) Act 1924

Voluntary conveyances to defend creditors.

31 The following provisions shall be substituted for the statute 13 Elizabeth c. 5 :—

“(1) Save as hereinafter provided, every conveyance of property made whether before or after the commencement of this Act, with intent to defraud creditors, is voidable, at the instance of any person thereby prejudiced. "

(2) This provision does not—

(a) affect the operation of a disentailing assurance, or the law of bankruptcy for the time being in force; or

(b) extend to any estate or interest in property conveyed for valuable consideration and in good faith, or upon good consideration and in good faith, to any person not having, at the time of the conveyance, notice of the intent to defraud creditors.”