Section 3: Offences relating to liquidation

Contravening the prohibition on performing the duties of liquidator is punishable by two years’ imprisonment and a fine of 9,000 euros. Anyone convicted pursuant to the preceding paragraph may no longer be employed, in any capacity whatsoever, by the company in which he or she performed the prohibited duties. In the event of a breach of this prohibition, the convicted person and his employer, if the latter had knowledge thereof,…

It is punishable by a fine of €150,000 for a liquidator in the judicial liquidation of a company to: 1° Failing to deposit in an account opened in a credit institution in the name of the company in liquidation, within fifteen days of the distribution decision, the sums distributed among the partners and creditors; 2° Failing to deposit at the Caisse des dépôts et consignations, within one year of the…

It is punishable by five years’ imprisonment and a fine of 9,000 euros for a liquidator, in bad faith: 1° Making use of the assets or credit of the company in liquidation that he knows to be contrary to its interests, for personal purposes or to favour another company or undertaking in which he is directly or indirectly interested; 2° Disposing of all or part of the assets of the…