2020 New York Laws
PEN - Penal
Part 3 - Specific Offenses
Title K - Offenses Involving Fraud
Article 185 - Frauds on Creditors
185.00 - Fraud in Insolvency.

Universal Citation: NY Penal L § 185.00 (2020)
§ 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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