---
kind: "section"
citation: "25 C.F.R. § 11.423"
title: "25"
number: "11.423"
heading: "Defrauding secured creditors."
url: "https://uscodex.org/cfr/25/11.423"
---

# §11.423. Defrauding secured creditors.


A person commits a misdemeanor if he or she destroys, conceals, encumbers, transfers or otherwise deals with property subject to a security interest with purpose to hinder that interest.


## Notes

### Authority

Authority: 5 U.S.C. 301; R.S. 463, 25 U.S.C. 2; R.S. 465, 25 U.S.C. 9; 42 Stat. 208, 25 U.S.C. 13; 38 Stat. 586, 25 U.S.C. 200.

### Source

Source: 58 FR 54411, Oct. 21, 1993, unless otherwise noted.