{"data":{"id":"us-md/md.-code-commercial-law-15-203","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 15–203","heading":"","body":"Fair consideration is given for property or an obligation, if:\n(1) In exchange for the property or obligation, as a fair equivalent for it and in good faith, property is conveyed or an antecedent debt is satisfied; or\n(2) The property or obligation is received in good faith to secure a present advance or antecedent debt in an amount not disproportionately small as compared to the value of the property or obligation obtained.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=15-203","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"1780f3fa5571513880fb26bed9f24e381187587a6d5ce9c14e79429bc5003c81","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-15-202","next":"us-md/md.-code-commercial-law-15-204"},"notice":"GroundRules: Original legal text. Not legal advice."}