Legislation
SECTION 1208
Penalty for concealing property from receiver
Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 12
§ 1208. Penalty for concealing property from receiver.
Any persons having possession of property belonging to the
corporation, who shall wrongfully withhold such property from the
receiver after the day specified in the notice given under section 1207
(Duties of receiver upon appointment), shall forfeit to the receiver
double the value of such property, and the same may be recovered in an
action by the receiver.
Any persons having possession of property belonging to the
corporation, who shall wrongfully withhold such property from the
receiver after the day specified in the notice given under section 1207
(Duties of receiver upon appointment), shall forfeit to the receiver
double the value of such property, and the same may be recovered in an
action by the receiver.