2013 New York Consolidated Laws
PEN - Penal
Article 185 - (185.00 - 185.15) FRAUDS ON CREDITORS
185.00 - Fraud in insolvency.

NY Penal L § 185.00 (2012) What's This?
  § 185.00 Fraud in insolvency.
    1.  As  used  in  this  section,  "administrator" means an assignee or
  trustee for the benefit of creditors, a liquidator, a  receiver  or  any
  other  person  entitled  to  administer  property  for  the  benefit  of
    2. A person is guilty of fraud in  insolvency  when,  with  intent  to
  defraud any creditor and knowing that proceedings have been or are about
  to  be  instituted  for  the appointment of an administrator, or knowing
  that a composition agreement or other arrangement  for  the  benefit  of
  creditors has been or is about to be made, he
    (a)  conveys,  transfers,  removes,  conceals,  destroys, encumbers or
  otherwise disposes of any part  of  or  any  interest  in  the  debtor's
  estate; or
    (b)  obtains  any  substantial  part  of  or  interest in the debtor's
  estate; or
    (c) presents to any creditor or to the administrator  any  writing  or
  record  relating  to  the  debtor's estate knowing the same to contain a
  false material statement; or
    (d) misrepresents or fails or refuses to disclose to the administrator
  the existence, amount or location of any part of or any interest in  the
  debtor's  estate,  or any other information which he is legally required
  to furnish to such administrator.
    Fraud in insolvency is a class A misdemeanor.

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