SECTION 334-2 — Individuals Managing Corporations and Permanent

Representatives of Managing Corporate Bodies (1) Individuals managing corporations and permanent representatives of managing corporate bodies who fraudulently: a) remove the books of the corporate body ; b) convert or conceal a part of its assets ; c) in their books or by any notarial or private deed or in their balance sheets, acknowledge debts which the corporate body does not owe ; d) perform the function of manager in violation of a ban provided for by the OHADA Uniform Acts or by law or regulation ; e) arrange with a creditor, on behalf of the corporate body, special benefits on account of his vote during the deliberations of the general body of creditors or who conclude with a creditor a special agreement from which the creditor would derive a benefit to be borne by the assets of the corporate body with effect from the date of cessation of payments, save otherwise provided by law ; shall be punished with imprisonment for from 5 (five) to 10 (ten) years. (2) The managers referred to in Subsection (1) above, who, during preventive settlement proceedings: 127 PRÉSIDENCE DE LA REPUBLIQUE a) in bad faith, present or permit the presentation of an income statement or balance sheet or statement of claims and debts or a statement of preferential claims and securities that is inexact or incomplete ; b) without an authorization from the President of the competent court, commit one of the acts prohibited by Article 11 of the Uniform Act organizing collective proceedings for wiping off debts , shall be punished as provided for in Subsection (1) above.