§ 15-209
152 words·~1 min read·
/md/commercial-law/15-209A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§15–209.
(a)If a conveyance or obligation is fraudulent as to a creditor whose claim has matured, the creditor, as against any person except a purchaser for fair consideration without knowledge of the fraud at the time of the purchase or one who has derived title immediately or immediately from such a purchaser, may:
(1)Have the conveyance set aside or obligation annulled to the extent necessary to satisfy the claim; or
(2)Levy on or garnish the property conveyed as if the conveyance were not made.
(b)In an action to have a conveyance set aside or an obligation annulled, it is not necessary as a condition to the granting of relief that the creditor first obtain judgment on the claim.
(c)A purchaser who without actual fraudulent intent has given less than a fair consideration for the conveyance or obligation may retain the property or obligation as security for repayment.