Article 728 — Fraud In Execution.

(1) A debtor subject to proceedings by way of execution against whom a declaration of default has been delivered, and who with intent to prejudice his creditors has reduced his assets, whether materially or fictitiously as provided in Article 727, shall be punishable with simple imprisonment, or, in grave cases, with rigorous imprisonment not exceeding five years. (2) A third party who has so acted to the prejudice of the creditors shall be punishable with simple imprisonment.