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Section 53 – The Provincial Insolvency Act,1920

The Provincial Insolvency Act,1920

Section 53. Avoidance of voluntary transfer

Any transfer of property not being a transfer made before and in consideration of marriage or made in favour or a purchaser or encumbrancer in good faith and for valuable consideration shall, if the transferor is adjudged insolvent on a petition presented within two years after the date of the transfer, be voidable as against the receiver and may be annulled by the Court.

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The Provincial Insolvency Act,1920

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