39 Pa. Stat. § 153

Current through Pa Acts 2024-53, 2024-56 through 2024-127
Section 153 - Presumption of knowledge and intent of creditor

A presumption of such knowledge and intention shall arise, by reason of the fact of such insolvency, if the consideration be grossly inadequate, or if such judgment, execution, attachment, sequestration, payment, pledge, assignment, transfer, conveyance, or encumbrance shall not have been entered, issued, commenced, made or recorded, and, in the case of personal property, exclusive possession be not given at or about the time of the creation of the debt, or if the transaction shall have not have been made in the usual and ordinary course of the business of such insolvent.

39 P.S. § 153

1901, June 4, P.L. 404, § 2.