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Maryland Code, Commercial Law § 15-201

Current as of December 31, 2021 | Updated by FindLaw Staff

(a) In this subtitle the following words have the meanings indicated.

(b)(1) “Assets” means property of a debtor not exempt from liability for his debts.

(2) “Assets” includes any property to the extent that the property is liable for any debts of a debtor.

(c) “Conveyance” includes every payment of money, assignment, release, transfer, lease, mortgage, or pledge of tangible or intangible property, and also the creation of any lien or incumbrance.

(d) “Creditor” means a person who has any claim, whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent.

(e) “Debt” includes any legal liability, whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent.

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Cite this article: FindLaw.com - Maryland Code, Commercial Law § 15-201 - last updated December 31, 2021 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-15-201.html

Read this complete Maryland Code, Commercial Law § 15-201 on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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