§ 15-101. Preferences in insolvency
West's Annotated Code of MarylandCommercial LawEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Commercial Law, § 15-101
§ 15-101. Preferences in insolvency
(d) All preferences, payments, transfers, and obligations made or suffered by the insolvent which are fraudulent, void, or voidable under any act of the Congress of the United States relating to bankruptcy are fraudulent, void, or voidable, respectively, under this subtitle to the same extent that they would be fraudulent, void, or voidable under applicable federal bankruptcy law.
(1) Of a creditor that extends credit to the insolvent at the time of the commencement of the proceeding and that obtains, at such time and with respect to such credit, a judicial lien on all property on which a creditor on a simple contract could have obtained such a judicial lien, whether or not such a creditor exists;
(3) Of a bona fide purchaser of real property, other than fixtures, from the insolvent, against whom applicable law permits such transfer to be perfected, that obtains the status of a bona fide purchaser and has perfected such transfer at the time of the commencement of the proceeding, whether or not such a purchaser exists; and
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 1985, c. 545; Acts 2019, c. 284, § 1, eff. Oct. 1, 2019.
Formerly Art. 23, § 81, Art. 47, §§ 8, 14.
MD Code, Commercial Law, § 15-101, MD COML § 15-101
Current through legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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