Presumption as to transfer of immovable property of agriculturist.

Finance200121 sections

Statutory text

(1) Every transfer of immovable property made by an agriculturist entitled to the benefits of this Act and before the complete discharge of his debt, shall, in any suit or other proceeding with respect to such transfer, be presumed, until the contrary is proved, to have been made with intent to defeat or delay the creditors of the transferor.
(2) Where an agriculturist entitled to the benefits of this Act has in collusion with another allowed his immovable property to be sold after the date of commencement of this Act, through court or otherwise, with a view to defeat or delay his creditors, the sale shall be voidable at the option of any creditor so defeated or delayed.

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