Section 55: Avoidance of voluntary transfer. Any transfer of property, not being a transfer made — Insolvancy (Karachi Division) Act, 1909

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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55. Avoidance of voluntary transfer. Any transfer of property, not being a transfer made before and in consideration of marriage, or made in favour of a purchaser or incumbrancer in good faith and for valuable consideration, shall, if the transferor is adjudged insolvent within two years after the date of the transfer, be void against the official assignee.

Effective date: 1909-01-01

Related sections

Section 54: Duties of Court executing decree as to property taken in execution. Where execution of a Section 56: Avoidance of preference in certain cases. (1) Every transfer of property, every payment Section 53: Restriction of rights of creditor under execution Section 57: Protection of bona fide transactions. Subject to the foregoing provisions with respect to Section 52: Description of insolvent property divisible amongst creditors Section 58: Possession of property by official assignee

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