Section 112Part 17 — Benefit of Transactions Affecting the Debtor and the Debtor’s Property
Conveyance, assignment, etc., of stock-in-trade, etc.
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Every conveyance, assignment, transfer, sale or disposition made by any trader unable to pay that trader’s debts of that trader’s stock-in-trade, debts or things in action relating to that trader’s business or any part thereof, otherwise than in the ordinary way of business, to any other person shall, if a provisional order or an absolute order takes effect against the person making the same within six months after the date of making the same be deemed fraudulent and void as against the Trustee; unless the same were made and executed with the assent of seventy-five per cent in number and value of the creditors of such person; or unless the same were made and executed after not less than twenty-one days’ notice in the Gazette and in a newspaper circulated in the Islands of the intention of the trader to make such conveyance, assignment or transfer, sale or disposition.