Part 9Voidable dispositions

Part 9—Voidable dispositions 86—Voluntary conveyances to defraud creditors (1) Every conveyance of property made with intent to defraud creditors shall be voidable at the instance of the party prejudiced thereby. (2) This section shall not extend to any estate or interest in property conveyed for valuable consideration and in good faith or upon good consideration and in good faith to any person not having, at the time of the conveyance, notice of the intent to defraud creditors. 87—Voluntary disposition with intent to defraud voidable as against purchasers (1) Every voluntary disposition of land made with intent to defraud a subsequent purchaser is voidable at the instance of that purchaser. (2) For the purposes of this section no voluntary disposition shall be deemed to have been made with intent to defraud by reason only that a subsequent conveyance for valuable consideration was made. In this section disposition includes every mode of disposition mentioned or referred to in the Real Property Act 1886. 88—Acquisitions of reversions at an under value (1) No acquisition made in good faith, without fraud or unfair dealing, of any reversionary interest in real or personal property, for money or money's worth, shall be liable to be opened or set aside merely on the ground of under value. (2) In this section— reversionary interest includes an expectancy or possibility. (3) This section shall not affect the jurisdiction of the court to set aside or modify unconscionable bargains.