Section 345
1. A creditor who participates in a composition offered as a result of an agreement with either the
debtor or a third party, whereby he has stipulated special advantages, shall, if acceptance of the
composition followed, be liable to a term of imprisonment not exceeding one year or a fine of the
fifth category.
2. A debtor or, where the legal person is the debtor, a managing director or supervisory director, who
enters into such an agreement, shall be liable to the same punishment.
Section 346 [Repealed as of 12-01-1956]
Section 347
A managing director or supervisory director of a legal person who, except for the case defined in
section 342, 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, which action has caused serious
detriment to that legal person, shall be liable to a fine of the fifth category.
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