Criminal Code Warning: this is not an official translation. Under all circumstances the original text in Dutch language of the Criminal Code (Wetboek van Strafrecht) prevails

Section 342 
A managing director or supervisory director of a legal person, which has been declared insolvent, shall 
be liable to a term of imprisonment not exceeding one year or a fine of the fifth category:  
1°. 
if he has cooperated in or has granted permission for the undertaking of any action 
contrary to any valid provision of the Articles of Association or the by-laws, to which 
action the losses incurred by that legal person can be wholly or largely attributed; 
2°. 
if he, with the intention of delaying the insolvency of the legal person, knowing that 
insolvency could not be avoided, has cooperated in or has granted permission for the 
borrowing of money on onerous terms;  
3°. 
if he bears responsibility for non-compliance with the duties defined in section 2:10(1) 
of the Civil Code, section 3:15i(1) of the Civil Code, or section 5(1) of the Companies 
Formally Registered Abroad Act [Wet op de Formeel Buitenlandse Vennootschappen] 
in conjunction with section 2:10(1) of the Civil Code or for the failure to present in 
pristine condition the books, documents and other data carriers in which records have 
been kept in accordance with these sections, and the books, documents and other 
data carriers which have been retained under these sections.