Utah Code Ann. § 76-6-511 – Defrauding of creditors. | Midpage
§ 76-6-511
Utah Code Ann. § 76-6-511
Defrauding of creditors.
Effective May 3, 2023
Viewing an earlier version · effective May 3, 2023View current
(1) Terms defined in Section 76-1-101.5 apply to this section.
(2) An actor commits defrauding of creditors if the actor:
(a) destroys, removes, conceals, encumbers, transfers, or otherwise deals with property subject to a security interest with a purpose to hinder enforcement of that interest; or
(b) knowing that proceedings have been or are about to be instituted for the appointment of a person entitled to administer property for the benefit of creditors:
(i) destroys, removes, conceals, encumbers, transfers, or otherwise deals with any property with a purpose to defeat or obstruct the claim of any creditor, or otherwise to obstruct the operation of any law relating to administration of property for the benefit of creditors; or
(ii) presents to any creditor or to an assignee for the benefit of creditors, orally or in writing, any statement relating to the debtor's estate, knowing that a material part of such statement is false.
(3) A violation of Subsection (2) is a class A misdemeanor.
(4) This section may not be construed to impose criminal or civil liability on any law enforcement officer acting within the scope of a criminal investigation.