Baker v. Naglee

Citations

• 82 Va. 876
• 1 S.E. 191
• 1887 Va. LEXIS 158

Syllabus

<p>Fraudulent Conveyances—Consideration—Stock—Case at bar.— Grantor conveyed land in exchange for stock to an incorporated company, which conveyed it to secure bonds issued by it. Grantor’s creditor filed his bill, alleging tthat grantor and the company were one and the same, and that the conveyance was a contrivance to hinder, delay, and defraud his creditors, prayed that the conveyance be annulled and the issue and sale of the bonds be enjoined—</p> <p>Held :</p> <p>The conveyance was valid. The stock was a valuable consideration. There was no proof of fraud.</p>