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89 chapters · 1,810 sections in this title.
6 Del. C. § 1301. Definitions.
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§ 1301. Definitions. As used in this chapter: (1) “Affiliate” means: a. A person who directly or indirectly owns, controls or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities: 1. As a fid…
6 Del. C. § 1302. Insolvency.
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§ 1302. Insolvency. (a) A debtor is insolvent if the sum of the debtor’s debts is greater than all of the debtor’s assets, at a fair valuation. (b) A debtor who is generally not paying debts as they become due is presumed to be insolvent. (c) A partnership is insolvent under subs…
6 Del. C. § 1303. Value.
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§ 1303. Value. (a) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of…
6 Del. C. § 1304. Transfers fraudulent as to present and future creditors.
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§ 1304. Transfers fraudulent as to present and future creditors. (a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor’s claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the …