Fraudulent property transfers are void against tax claims unless for adequate consideration, in good faith, or permitted. Transfers or charges on a taxpayer's property made after any amount becomes due are void against government claims if effected with the intention to defraud the government revenue; however, transfers made for adequate consideration, in good faith and without notice of proceedings or liability, or with prior permission of the proper officer, are not void.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fraudulent property transfers are void against tax claims unless for adequate consideration, in good faith, or permitted.
Transfers or charges on a taxpayer's property made after any amount becomes due are void against government claims if effected with the intention to defraud the government revenue; however, transfers made for adequate consideration, in good faith and without notice of proceedings or liability, or with prior permission of the proper officer, are not void.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.