SECTION 233

(1) any of the managers referred to in Article 230 above who fraudulently: 1° hides the books of the corporate body; 2° misappropriates or conceals any part of the company assets; 3° declares either in an entry or in a public or private document or in the balance sheet the company debtor of sums of money that it does not owe; 4° performs the functions of manager in violation of a ban provided for by the Uniform Acts or by the law of each State Party; 5° arranges with a creditor, in the name of the company, special benefits because of his vote during the deliberations of the body of creditors or concludes with a creditor a special agreement from which the creditor would enjoy an advantage to be borne by the assets of the company, with effect from the date of the decision declaring the company insolvent, shall be punished with the penalties provided for the offence of fraudulent bankruptcy. (2) The same penalties shall be meted out to any of the managers referred to in Article 230 above who, during the preventive settlement proceedings: 1° in bad faith presents or permits the presentation of an inaccurate or incomplete income statement or a balance sheet or an inventory of claims and debts or of preferential claims; 2° without the authorization of the President of the competent court performs any one of the acts banned by Article 11 above.