Section 1208. Penalty for concealing property from receiver  


Latest version.
  • Any   persons   having   possession   of  property  belonging  to  the
      corporation, who  shall  wrongfully  withhold  such  property  from  the
      receiver  after the day specified in the notice given under section 1207
      (Duties of receiver upon appointment), shall  forfeit  to  the  receiver
      double  the  value of such property, and the same may be recovered in an
      action by the receiver.