Md. Code, Commercial Law § 15-203

§15–203.

Year: 2026Length: 73 wordsOfficial source
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.
Md. Code, Commercial Law § 15-203: §15–203. | Justis AI