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Insolvency Act, 1936 (Act No. 24 of 1936)

138. Failure to attend meetings of creditors or give certain information

 

An insolvent shall be guilty of an offence and liable to imprisonment for a period not exceeding six months

(a) [Section 138(a) deleted by section 42 of Act No. 99 of 1965];
(b) if he fails, when thereto required in writing by the trustee of his estate, to give a true, clear and detailed explanation of his insolvency or fails to account correctly and in detail for the excess of his liabilities over his assets; or
(c) if, at a meeting of the creditors of his estate, when thereto required by the trustee or the officer presiding or any creditor or by the agent of any of them, he fails to account for or to disclose what has become of any property which was in his possession so recently that in the ordinary course he ought to be able to account therefor; or
(d) if he fails to comply with the requirements of subsection (13) of section twenty-three.

 

 


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