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Whoever takes away, damages, destroys, depreciates, or causes to be useless a thing which he has pledged to another person, shall be punished with imprisonment not over two years, or a fine not over four thousand baht, or both the imprisonment and the fine, if he does so in order to cause injury to the pledgee.

Whoever moves away, hides, or transfers to another person any thing or maliciously obligates himself to any ingenuine amount of debt in order to prevent from receiving the payment of a debt, either in whole or in part, his own or another person's creditor who has exercised or is to exercise through a court a claim for the payment, shall be punished with imprisonment not over two years, or a fine not over four thousand baht, or both the imprisonment and the fine.

The offences under this chapter are compoundable.

Whoever, being in possession of a thing which belongs to another person or of which another person is a co-owner, dishonestly converts such thing