§ 153. Presumption of knowledge and intent of creditor
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 39 P.S. Insolvency and Assignments
39 P.S. § 153
§ 153. Presumption of knowledge and intent of creditor
A presumption of such knowledge and intention shall arise, by reason of the fact of such insolvency, if the consideration be grossly inadequate, or if such judgment, execution, attachment, sequestration, payment, pledge, assignment, transfer, conveyance, or encumbrance shall not have been entered, issued, commenced, made or recorded, and, in the case of personal property, exclusive possession be not given at or about the time of the creation of the debt, or if the transaction shall have1 not have been made in the usual and ordinary course of the business of such insolvent.
Credits
1901, June 4, P.L. 404, § 2.
Footnotes
The word “have” seems superfluous.
39 P.S. § 153, PA ST 39 P.S. § 153
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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