Fraudulent conveyances; recovery
Sec. 4. The real and personal property liable for the payment of
debts of a decedent shall include all property transferred by him with
intent to defraud his creditors or any of them, or transferred by any
other means which is in law void as against his creditors or any of
them; and the right to recover such property, so far as necessary for
the payment of the debts of the decedent, shall be in the personal
representative, who shall take such steps as may be necessary to
recover the same. Such property shall constitute general assets for
the payment of all creditors; but no property so transferred shall be
taken from anyone who purchased it for a valuable consideration, in
good faith and without knowledge of the fraud.
(Formerly: Acts 1953, c.112, s.1304.)
Last modified: May 27, 2006