Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Every conveyance of partnership property and every partnership obligation incurred when the partnership is or will be thereby rendered insolvent, is fraudulent as to partnership creditors, if the conveyance is made or obligation is incurred,
a. To a partner, whether with or without a promise by him to pay partnership debts, or
b. To a person not a partner without fair consideration to the partnership as distinguished from consideration to the individual partners.
Cite this article: FindLaw.com - New York Consolidated Laws, Debtor and Creditor Law - DCD § 277. Conveyance of partnership property - last updated January 01, 2021 | https://codes.findlaw.com/ny/debtor-and-creditor-law/dcd-sect-277/
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.