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  • 2 If a person in insolvent circumstances, unable to pay the person’s debts in full, or knowing that the person is on the eve of insolvency, voluntarily or by collusion with a creditor, agrees to a judgment against the person, with or without time to pay, or gives a power of attorney to do so, with intent to defeat or delay the person’s creditors wholly or in part, or to give one or more of the person’s creditors a preference over other creditors, or over some of them, the judgment or power is void against the creditors of the person.

1979-143-2.