2C:21-13. Fraud in insolvency
A person commits a crime if, knowing that proceedings have been or
are about to be instituted for the appointment of a receiver or other
person entitled to administer property for the benefit of creditors, or
that any other composition or liquidation for the benefit of creditors
has been or is about to be made, he:
a. Destroys, removes, conceals, encumbers, transfers, or otherwise deals
with any property or obtains any substantial part of or interest in the
debtors estate with purpose to defeat or obstruct the claim of any
creditor, or otherwise to obstruct the operation of any law relating to
administration of property for the benefit of creditors;
b. Knowingly falsifies any writing or record relating to the property; or
c. Knowingly misrepresents or refuses to disclose to a receiver or other
person entitled to administer property for the benefit of creditors,
the existence, amount or location of the property, or any other
information which the actor could be legally required to furnish in
relation to such administration.
If the benefit derived from a violation of this section is $75,000.00,
or more, the offender is guilty of a crime of the second degree. If the
benefit derived exceeds $1,000.00, but is less than $75,000.00, the
offender is guilty of a crime of the third degree. If the benefit
derived is $1,000.00, or less, the offender is guilty of a crime of the
fourth degree.
L.1978, c. 95, s. 2C:21-13, eff. Sept. 1, 1979. Amended by L.1979, c. 178, s. 40, eff. Sept. 1, 1979.
