(1) A person who issues banknotes in Scotland or Northern Ireland otherwise than in reliance on section 213 commits an offence.

(2) A person guilty of an offence under subsection (1) is liable -

(a) on conviction on indictment, to imprisonment for a term not exceeding 10 years, to a fine or to both, or

(b) on summary conviction, to imprisonment for a term not exceeding 12 months, to a fine not exceeding the statutory maximum or to both.

(3) An offence under subsection (1) committed by a body corporate is also committed by an officer of the body ("O") if the offence -

(a) is committed with O's consent or connivance, or

(b) is attributable to O's negligence.

(4) In subsection (3) "officer" means -

(a) a director,

(b) a manager,

(c) a secretary or similar officer, and

(d) a person purporting to act as an officer within paragraphs (a) to (c).

(5) Subsection (3) applies to a partnership constituted under the law of Scotland as to a body corporate; for which purpose "officer" means -

(a) a partner, or