154 (1) The portion of subsection 397(1) of the Act before paragraph (a) is replaced by the following:
Marginal note:Books and documents
- 397 (1) Every person is guilty of an indictable offence and liable to imprisonment for a term of not more than five years or is guilty of an offence punishable on summary conviction who, with intent to defraud,
(2) The portion of subsection 397(1) of the English version of the Act after the portion before paragraph (a) is replaced by the following:
- (a) destroys, mutilates, alters, falsifies or makes a false entry in a book, paper, writing, valuable security or document, or
- (b) omits a material particular from, or alters a material particular in, a book, paper, writing, valuable security or document.
(3) Subsection 397(2) of the Act is replaced by the following:
- Marginal note:Privy
  (2) Every person who, with intent to defraud their creditors, is privy to the commission of an offence under subsection (1) is guilty of
  - (a) an indictable offence and liable to imprisonment for a term of not more than five years; or
  - (b) an offence punishable on summary conviction.