294Concealing insolvency

294 Concealing insolvency

*[Section 294 Amended by No. 55 of 1965, s. 5 ]*An insolvent who –

(a) either alone or jointly with any other person obtains credit to the extent of $20 or upwards from any person without informing that person that he is an insolvent; or

(b) engages in any trade or business under a name other than that under which he became an insolvent without disclosing to all persons with whom he enters into any business transactions the name under which he became an insolvent –

shall be guilty of a crime.

Charge:  

(a) Being an insolvent, obtaining credit without disclosing insolvency.

(b) Being an insolvent, changing trade name, without disclosing former name.