Section 81 - Transfer of property to be void in certain cases.

Void transfers to defeat government revenue are ineffective, subject to bona fide consideration, notice and prior permission safeguards.

A person who, after an amount becomes due, creates a charge on or transfers property with intent to defraud Government revenue renders that charge or transfer void against claims for tax or other sums payable; however, transfers for adequate consideration, in good faith and without notice of proceedings or of the tax payable, or made with prior permission of the proper officer, are not void.