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Code · Maryland · Commercial Law

§ 15-203

74 words·~1 min read·/md/commercial-law/15-203

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§15–203.
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.
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