§ 15-203. Fair consideration

MD Comm L Code § 15-203 (2019) (N/A)
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Fair consideration is given for property or an obligation, if:

(1)    In exchange for the property or obligation, as a fair equivalent for it and in good faith, property is conveyed or an antecedent debt is satisfied; or

(2)    The property or obligation is received in good faith to secure a present advance or antecedent debt in an amount not disproportionately small as compared to the value of the property or obligation obtained.