US Laws, Codes, Statutes & Cases

      1. A person is guilty of defrauding a creditor if:
   
A. He destroys, removes, conceals, encumbers, transfers or otherwise deals with property subject to a security interest, as defined in Title 11, section 1-201, subsection (37), with the intent to hinder enforcement of that interest; or [1975, c. 499, § 1 (new).]    
B. Knowing that proceedings have been or are about to be instituted for the appointment of an administrator, he    
(1) destroys, removes, conceals, encumbers, transfers or otherwise deals with any property with a purpose to defeat or obstruct the claim of any creditor; or  
(2) presents in writing to any creditor or to an administrator, any false statement relating to the debtor's estate, knowing that a material part of such statement is false. [1979, c. 512, § 29 (amd).][1979, c. 512, § 29 (amd).]
      2. As used in this section, "administrator" means an assignee for the benefit of creditors, a receiver, or trustee in bankruptcy or any other person entitled to administer property for the benefit of creditors.[1979, c. 512, § 30 (rpr).]
      3. Defrauding a creditor is a Class D crime.[1975, c. 499, § 1 (new).]

Section History:

PL 1975,  Ch. 499,   §1 (NEW).
PL 1979,  Ch. 512,   §29,30 (AMD).