1964_BANKRUPTCY_ORDINANCE — Page 71

78

CAP. 6]

Bankruptcy

[1986 Ed.

(b) any account operated by the Official Receiver under sec-

tion 91,

is in excess of the amount which, in the opinion of the Official Receiver, is required for the time being to answer demands in respect of debtor's estates, the Official Receiver may deposit the whole or any part of that excess with a bank. (Amended, 47 of 1984, s. 15)

(2) The Official Receiver shall on or after 31 March in each year transfer to the general revenue any interest paid in respect of deposits under subsection (1).

( Added, 65 of 1976, s. 5)

PART VIII

Fraudulent debtors.

1914 c. 59, s. 154.

1926 c. 7, s. 5.

BANKRUPTCY OFFENCES

129. (1) Any person who has been adjudged bankrupt or in respect of whose estate a receiving order has been made shall in each of the cases following be guilty of a misdemeanor-

(a) if he does not to the best of his knowledge and belief fully and truly discover to the trustee all his property, real and personal, and how and to whom and for what considera- tion and when he disposed of any part thereof, except such part as has been disposed of in the ordinary way of his trade (if any) or laid out in the ordinary expenses of his family, unless he proves that he had no intent to defraud; (b) if he does not deliver up to the trustee, or as he directs, all such part of his movable or immovable property as is in his custody or under his control and which he is required by law to deliver up, unless he proves that he had no intent to defraud;

(c) if he does not deliver up to the trustee, or as he directs, all books, documents, papers and writings in his custody or under his control relating to his property or affairs, unless he proves that he had no intent to defraud;

(d) if, after the presentation of a bankruptcy petition by or against him or within 12 months next before such presenta- tion, he conceals any part of his property to the value of $50 or upwards or conceals any debt due to or from him, unless he proves that he had no intent to defraud;

(e) if, after the presentation of a bankruptcy petition by or against him or within 12 months next before such presenta- tion, he fraudulently removes any part of his property to the value of $50 or upwards;

(f) if he makes any material omission or misstatement in any statement relating to his affairs, unless he proves that he had no intent to defraud;