PROPERTY LAW ACT 1969 - SECT 89

PROPERTY LAW ACT 1969 - SECT 89

89 .         Voluntary conveyances to defraud creditors voidable

        (1)         Except as provided in this section, every alienation of property made, whether before or after the coming into operation of this Act, with intent to defraud creditors is voidable, at the instance of any person thereby prejudiced.

        (2)         This section does not affect the law of bankruptcy for the time being in force.

        (3)         This section does not extend to any estate or interest in property alienated for valuable consideration and in good faith or upon good consideration and in good faith to any person not having, at the time of the alienation, notice of the intent to defraud creditors.