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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 Art. 540Cases where trader may be adjudged a fraudulent bankrupt.

Title VII

En vigueurTexte officiel

A bankrupt may in the following cases be adjudged a fraudulent bankrupt, unless he sufficiently proves that he had no intent to defraud:

(a) if he has not kept books or if his books do not show the true state of his assets and liabilities;

(b) if, on being lawfully summoned for any meeting which, by the provisions of this Part he is bound to attend, he fails to attend;

(c) if he has not aided in the making up of the inventory.

Part IV

OF PRESCRIPTION AND INADMISSIBILITY OF ACTION IN CERTAIN COMMERCIAL MATTERS, OF THE JURISDICTION OF THE CIVIL COURT, FIRST HALL, AND OF COMMERCIAL FEES