Disposal of property to defraud creditors
392 Every person is guilty of an indictable offence and liable to imprisonment for a term of not more than two years or is guilty of an offence punishable on summary conviction who,
(a) with intent to defraud his creditors,
(i) makes or causes to be made any gift, conveyance, assignment, sale, transfer or delivery of his property, or
(ii) removes, conceals or disposes of any of his property, or
(b) with intent that any one should defraud his creditors, receives any property by means of or in relation to which an offence has been committed under paragraph (a).
Annotations
- Part X