Penalties

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  • Whoever, in contemplation of making an assignment for the benefit of creditors—
    • (1) secretes or conceals any property belonging to his estate; or,

    • (2) parts with, conceals, destroys, alters, mutilates, or falsifies, or causes to be concealed, destroyed, altered, mutilated, or falsified, any book, deed, document, or writing relating to his estate or property; or,

    • (3) removes, or causes to be removed, any such property, or book, deed, writing, or document out of the Virgin Islands, or otherwise disposes of any part thereof with intent to prevent its coming into the possession of the clerk or assignee, or to hinder, impede, or delay them, or either of them, in removing or receiving the same; or

    • (4) makes any payment, gift, sale, assignment, transfer, or conveyance of any property belonging to his estate with like intent; or,

    • (5) spends any property belonging to his estate, in gaming; or,

    • (6) wilfully and fraudulently, with intent to defraud, conceals from his assignee or omits from his inventory, any property or effects; or,

    • (7) having reason to suspect that any other person has presented a false or fictitious demand against his estate, fails to disclose the same to his assignee within one month after its coming to his knowledge or belief; or,

    • (8) fraudulently attempts to account for any of his property by fictitious losses or expenses; or,

    • (9) within three months, next before the assignment for the benefit of creditors, under the false color and pretense of carrying on business and dealing in the ordinary course of trade, obtains on credit from any person any goods or chattels with intent to defraud such person; or,

    • (10) within three months next before the assignment for the benefit of creditors with the intent to defraud his creditors, pawns, pledges, or disposes of, otherwise than by transactions made in good faith in the ordinary way of his trade, any of his goods, chattels, or property, which have been obtained on credit and remain unpaid for —

      • shall be imprisoned not more than four years.


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