Article 314 Revised Penal Code

Article 314 of the Revised Penal Code is about Fraudulent insolvency. It is under Chapter Five (Culpable Insolvency) of Title Ten (Crimes Against Property) of the Code.

Fraudulent insolvency.

Any person who shall abscond with his property to the prejudice of his creditors, shall suffer the penalty of prision mayor, if he be a merchant and the penalty of prision correccional in its maximum period to prision mayor in its medium period, if he be not a merchant.

See also: Article 313 Revised Penal Code