Criminal Code (R.S.C., 1985, c. C-46)

Marginal note: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).