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  • 3 Subject to section 6, a disposition of property by a person at a time when the person is in insolvent circumstances, is unable to pay the person’s debts in full, or knows that the person is on the eve of insolvency, is void as against an injured creditor, if made
  • (a) with intent to defeat, hinder, delay or prejudice creditors or some of them, and or
  • (b) to or for a creditor with intent to give the creditor preference over other creditors or some of them.

1979-143-3; 2023-10-288.