Current as of January 01, 2021 | Updated by FindLaw Staff
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Every conveyance made and every obligation incurred without fair consideration when the person making the conveyance or entering into the obligation intends or believes that he will incur debts beyond his ability to pay as they mature, is fraudulent as to both present and future creditors.
Cite this article: FindLaw.com - New York Consolidated Laws, Debtor and Creditor Law - DCD § 275. Conveyances by a person about to incur debts - last updated January 01, 2021 | https://codes.findlaw.com/ny/debtor-and-creditor-law/dcd-sect-275/
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