# The Insolvency (Scotland) Rules 1986, Rule 1.24: False representations, etc.


(1) A person being a past or present officer of a company commits an offence if he make any false representation or commits any other fraud for the purpose of obtaining the approval of the company's members or creditors to a proposal for a voluntary arrangement under Part I of the Act.
(2) For this purpose “officer” includes a shadow director.
(3) A person guilty of an offence under this Rule is liable to imprisonment or a fine, or both.

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Source: https://www.legislation.gov.uk/uksi/1986/1915/rule/1.24 (the official version)
Page: https://openlegislation.uk/insolvency-scotland-rules-1986/rule-1.24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.