Fraudulent transfer of property void against government tax claims unless adequate consideration, good faith, no notice, or officer permission. Section 81 invalidates, as against tax or other claims, any charge or transfer of a person's property made after a liability arises when the transferor intends to defraud Government revenue; transfers remain valid if made for adequate consideration, in good faith and without notice of proceedings or the debt, or with prior permission of the proper officer.
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 transfer of property void against government tax claims unless adequate consideration, good faith, no notice, or officer permission.
Section 81 invalidates, as against tax or other claims, any charge or transfer of a person's property made after a liability arises when the transferor intends to defraud Government revenue; transfers remain valid if made for adequate consideration, in good faith and without notice of proceedings or the debt, or with prior permission of the proper officer.
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