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ARTICLE · 29 SEPTEMBER 1998

Trust Law Part V - Fraudulent Disposition

BarbadosEnvironment
19.(1) In this Part

(a) "creditor" means a person to whom an obligation is owed;

(b) "intent to defraud" means an intention of a transferor wilfully to defeat an obligation owed to a creditor;

(c) "obligation"

(i) means an obligation or liability that existed on or before the date of a relevant disposition and of which the transferor had notice, and

(ii) includes a liability contingent upon an obligation or liability referred to in sub-paragraph (i)

(d) "relevant disposition" means a disposition to which section 20 applies;

(e) "transferor" means the person who as owner of property or as the holder of a power in that behalf directly or indirectly makes a relevant disposition or causes it to be made;

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