What is CONTEMPLATION OF INSOLVENCY?

Knowledge of. and action with reference to. an existing or contemplated state of insolvency, with a design to make provision against its results or to defeat the operation of the insolvency laws. Iiobinson v. Bank. 21 N. Y. 411: Paulding v. Steel Co., 94 N. Y. 338; Ileroy v. Kerr. 21 How. Prac. 420; Anstedt v. Bentley. 61 Wis. 629, 21 N. W. 807.

More On This Topic



Link to This Definition
Did you find this definition of CONTEMPLATION OF INSOLVENCY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary