Statute · New York Personal Property Law
N.Y. Pers. Prop. Law § 38 — Transfers or charges without consideration
N.Y. Pers. Prop. Law § 38
- Type
- Statute
- Source
- New York Personal Property Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 38. Transfers or charges without consideration. A transfer or charge shall not be adjudged fraudulent as against creditors or purchasers, solely on the ground that it was not founded on a valuable consideration.
Citator
N.Y. Pers. Prop. Law § 38 — Transfers or charges without consideration is in force in the current edition of the Code, and nothing recorded condemns it.
§ 38. Transfers or charges without consideration. A transfer or charge shall not be adjudged fraudulent as against creditors or purchasers, solely on the ground that it was not founded on a valuable consideration.