28 U.S. Code § 3305 - When transfer is made or obligation is incurred
For the purposes of this subchapter:
(1) A transfer is made—
with respect to an asset that is real property (other than a fixture, but including the interest of a seller or purchaser under a contract for the sale of the asset), when the transfer is so far perfected that a good-faith purchaser of the asset from the debtor against whom applicable law permits the transfer to be perfected cannot acquire an interest in the asset that is superior to the interest of the transferee; and
(5) An obligation is incurred—
Statutory Notes and Related Subsidiaries
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