Amendment status not verified — confirm the current text below against the official source.
Protectwn of bonafide transactwns. Subject to the foregomg provis10ns of th1s Act wtth respect to the effect of insolvency on an execut10n, and with respect to the avotdance of certain transfers and preferences, nothing in th1s Act shall invahdate m the case of an insolvency- (a) any payment by the msolvent to any of his cre- ditors; (b) any payment or delivery to the insolvent; (c) any transfer by the insolvent for valuable considera- tion; or (d) any contract or dealing by or with the insolvent for valuable consideration: Provided that any such transaction takes place before the date of the order of adjud1cat10n, and that the person with whom such transaction takes place has not at the time, nobce of the presentation of any msolvency petition by or against the debtor. Realisation of property.