Hull v. Wm. Deering & Co.

Citations

• 80 Md. 424
• 31 A. 416
• 1895 Md. LEXIS 15

Syllabus

<p>Fraudulent Conveyances — Grossly Inadequate Consideration — Fraudulent Conveyance of Individual Property by one Partner.</p> <p>A conveyance by an insolvent debtor of his tangible property to a trustee for the benefit of his wife for a grossly inadequate consideration is fraudulent and void as to his existing creditors, but will be allowed to stand as security for the value of the wife’s separate estate acquired by the grantor as a part of the consideration for the deed.</p> <p>A creditor of a firm is not entitled to assail a voluntary deed of his property by one of the partners because fraudulent as against creditors, unless he shows that the firm assets are insufficient to pay the firm creditors, and that there are no individual creditors of such partner, or that the individual property is more than sufficient to pay them in full.</p>