Maine Revised Statutes Title 17-A Sec. 902 – Defrauding a creditor
Current as of: 2023 | Check for updates
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1. A person is guilty of defrauding a creditor if:
A. The person destroys, removes, conceals, encumbers, transfers or otherwise deals with property subject to a security interest, as defined in Title 11, section 1?1201, subsection (35), with the intent to hinder enforcement of that interest; or [PL 2009, c. 325, Pt. B, §26 (AMD); PL 2009, c. 325, Pt. B, §27 (AFF).]
B. Knowing that proceedings have been or are about to be instituted for the appointment of an administrator, he
(1) destroys, removes, conceals, encumbers, transfers or otherwise deals with any property with a purpose to defeat or obstruct the claim of any creditor; or
(2) presents in writing to any creditor or to an administrator, any false statement relating to the debtor’s estate, knowing that a material part of such statement is false. [PL 1979, c. 512, §29 (AMD).]
[PL 2009, c. 325, Pt. B, §26 (AMD); PL 2009, c. 325, Pt. B, §27 (AFF).]
Attorney's Note
Under the Maine Revised Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class D crime | up to 1 year | up to $2,000 |
Terms Used In Maine Revised Statutes Title 17-A Sec. 902
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- in writing: include printing and other modes of making legible words. See Maine Revised Statutes Title 1 Sec. 72
- Trustee: A person or institution holding and administering property in trust.
2. As used in this section, “administrator” means an assignee for the benefit of creditors, a receiver, or trustee in bankruptcy or any other person entitled to administer property for the benefit of creditors.
[PL 1979, c. 512, §30 (RPR).]
3. Defrauding a creditor is a Class D crime.
[PL 1975, c. 499, §1 (NEW).]
SECTION HISTORY
PL 1975, c. 499, §1 (NEW). PL 1979, c. 512, §§29,30 (AMD). PL 2009, c. 325, Pt. B, §26 (AMD). PL 2009, c. 325, Pt. B, §27 (AFF).