SECTION 229

(1) Any natural person referred to in Article 227 above who, being insolvent: 1° hides his accounts; 2° misappropriates or conceals all or part of his assets; 3° fraudulently declares himself, either in his entries or a public or private document or in his balance sheet debtor of sums which he does not owe; 4° carries on the profession of trader in violation of a ban imposed on him as provided for by the Uniform Act or by the law of a State Party; 5° pays a creditor to the detriment of the body of creditors after being declared insolvent; 6° arranges for special benefits for a creditor because of his vote during the deliberations of the general body of creditors or who concludes with a creditor a special agreement from which the creditor would enjoy an advantage to be borne by the assets of the debtor with effect from the date of the decision to initiate proceedings, shall be punished with the penalty prescribed for the offence of fraudulent bankruptcy (2) The same penalty shall be faced by any natural person referred to in Article 227 above who, during receivership or liquidation proceedings: 1° in bad faith presents or permits the presentation of an inaccurate or incomplete income statement or of a balance sheet or inventory of claims and debts or of preferential claims and securities; 2° without the authorization of the President of the competent court performs any one of the acts banned by Article 11 above.