Transfer to defraud government revenue void against tax claims unless made for adequate consideration or with prior permission. A person who, after any tax or other amount becomes due, transfers or charges property intending to defraud government revenue renders that transfer void as against claims for the tax or sum payable. The transfer is not void if made for adequate consideration, in good faith, without notice of proceedings or dues, 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.
Transfer to defraud government revenue void against tax claims unless made for adequate consideration or with prior permission.
A person who, after any tax or other amount becomes due, transfers or charges property intending to defraud government revenue renders that transfer void as against claims for the tax or sum payable. The transfer is not void if made for adequate consideration, in good faith, without notice of proceedings or dues, or with prior permission of the proper officer.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.