Penal Code · English · 2015
Article 362
Misappropriation or Destruction of Property Subject to Pledge Usufruct or Encumbrance
A person who, with intent to obtain a benefit or to procure a benefit to a third person, or to cause damage to a creditor, removes, assigns, damages, depreciates or renders useless property held by the creditor by way of pledge, usufruct or lien,
#is guilty of misappropriation or destruction of property subject to pledge, usufruct or lien, a Class 1 petty offence, punishable with a definite term of imprisonment of not less than 6 months and not more than 12 months, or a fine of 20,001 – 50,000 Nakfas, to be set in intervals of 2,500 Nakfas.
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