Md. Code, Com. § 15-203

Current with changes from the 2024 Legislative Session, chs. 2-121

Section 15-203 - Fair consideration

Fair consideration is given for property or an obligation, if:

(1) In exchange for the property or obligation, as a fair equivalent for it and in good faith, property is conveyed or an antecedent debt is satisfied; or

(2) The property or obligation is received in good faith to secure a present advance or antecedent debt in an amount not disproportionately small as compared to the value of the property or obligation obtained.

Md. Code, CL § 15-203