Fraudulent property transfers void against tax claims; bona fide transfers for adequate consideration or without notice are saved.

Where a person, after any amount has become due, transfers or creates a charge on his property with the intention of defrauding the Government revenue, such charge or transfer is void as against any claim in respect of tax or other sums payable; however, transfers for adequate consideration, in good faith and without notice of pending proceedings or the tax payable, or made with prior permission of the proper officer, are not void.

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