STATE STATUTES & CODES
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MARYLAND STATUTES AND CODES
Section 15-201 - Definitions.
§ 15-201. Definitions.
(a) In general.- In this subtitle the following words have the meanings indicated.
(b) Assets.-
(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.- "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.- "Creditor" means a person who has any claim, whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent.
(e) Debt.- "Debt" includes any legal liability, whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent.
[An. Code 1957, art. 39B, § 1; 1975, ch. 49, § 3.]