(a) A person commits the crime of defrauding secured creditors if he destroys, removes, conceals, encumbers, transfers or otherwise deals with property subject to a security interest with intent to hinder enforcement of that interest.
(b) "Security interest" means an interest in personal property or fixtures as defined in Section 7-1-201(37).
(c) Defrauding secured creditors is a Class A misdemeanor.
Structure Code of Alabama
Chapter 9 - Forgery and Fraudulent Practices.
Section 13A-9-40 - Definitions.
Section 13A-9-41 - Deceptive Business Practices.
Section 13A-9-42 - False Advertising.
Section 13A-9-43 - Bait Advertising.
Section 13A-9-45 - Falsifying Business Records.
Section 13A-9-46 - Defrauding Secured Creditors.
Section 13A-9-47 - Defrauding Judgment Creditors.
Section 13A-9-48 - Fraud in Insolvency.
Section 13A-9-49 - Issuing False Financial Statement.
Section 13A-9-50 - Receiving Deposits in Failing Financial Institution.