Frauds by officers
223 Frauds by officers
An officer of a society must not—
by false pretence, or by means of another fraud, induce a person to give credit to the society; or
with intent to defraud creditors of the society, make or cause to be made a gift or transfer of, or charge on, or cause or connive at the levying of an execution against, the society’s property; or
with intent to defraud the society’s creditors, conceal or remove part of the society’s property within 2 months before, or on or after, the date of an unsatisfied judgment or order for payment of money obtained against the society.
Maximum penalty—1600 penalty units or 7 years imprisonment.
This Act’s bill:Explanatory memorandum
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