The bankrupt is guilty of an offence if he removes1, or in the initial period2 removed, any property3 the value of which was not less than the prescribed amount4 and possession of which he has or would have been required to deliver up to the official receiver or the trustee5.
A person who commits such an offence is liable on conviction on indictment to imprisonment for a term not exceeding seven years or a fine, or to both, or on summary conviction to imprisonment for a term not exceeding six months or a fine not exceeding the statutory maximum, or
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