28 U.S. Code § 3305 - When transfer is made or obligation is incurred
When transfer is made or obligation is incurredFor 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
A transfer is not made until the debtor has acquired rights in the asset transferred.
(5) An obligation is incurred—
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