- (a) In this subtitle the following words have the meanings indicated.
(b)
- (1) “Assets” means property of a debtor not exempt from liability for his debts.
- (2) “Assets” includes any property to the extent that the property is liable for any debts of a debtor.
- (c) “Conveyance” includes every payment of money, assignment, release, transfer, lease, mortgage, or pledge of tangible or intangible property, and also the creation of any lien or incumbrance.
- (d) “Creditor” means a person who has any claim, whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent.
- (e) “Debt” includes any legal liability, whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent.
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 39B, § 1.