§ 23-3. Trustee to recover property conveyed fraudulently or in preference. - North Carolina Statutes

§23‑3.  Trustee to recover property conveyed fraudulently or inpreference.

It is the duty of the trusteeto recover, for the benefit of the estate, property which was conveyed by thegrantor or assignor in fraud of his creditors, or which was conveyed ortransferred by the grantor or assignor for the purpose of giving a preference.A preference, under this section, shall be deemed to have been given whenproperty has been transferred or conveyed within four months next preceding theregistration of the deed of trust or deed of assignment in consideration of thepayment of a pre‑existing debt, when the grantee or transferee of suchproperty knows or has reasonable ground  to believe that the grantor orassignor was insolvent at the time of making such conveyance or transfer. (1909,c. 918, s. 2; C.S., s. 1611.)