Section 41

Act 231 of 1901, § 41, under INSOLVENCY ACT.

Act 231 of 1901, § 41

Section 41. A person shall be deemed insolvent, within the provisions of this act, whenever the aggregate of his property, exclusive of any property which he may have conveyed, transferred, concealed or removed, or permitted to be concealed or removed, with intent to defraud, hinder or delay his creditors, shall not at a fair valuation be sufficient in amount to pay his debts.