Clause 301

Any person who gives or agrees or offers to give to any member or creditor of a company any valuable consideration with a view of securing his own appointment or nomination, or to securing or preventing the appointment or nomination of some person other than himself, as the company’s liquidator shall be guilty of an offence under this Act and shall be liable on conviction to imprisonment for a fine not exceeding six months or to a fine not exceeding five hundred dollars. [U.K. s. 336.][Aust. s. 301.]