[§554G-3]  Completed transfers.  The transfer of permitted property under this chapter shall be deemed completed following the completion of all of the following:

     (1)  The delivery of permitted property by the transferor to the permitted trustee and the written acceptance of the permitted property by the permitted trustee;

     (2)  The delivery by the transferor to the permitted trustee of a signed and notarized certificate of solvency that states that the amount of the transfer is equal to or less than twenty-five per cent of the transferor's net worth and that the transfer will not result in delay, defrauding, or hindrance of a creditor who is known or knowable to the transferor at the time of the permitted transfer with a claim against the property that is subject to the transfer; and

     (3)  The filing of the appropriate form by the transferor with the department of taxation and payment of the attendant transfer tax. [L 2010, c 182, pt of §2]