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2012 Maine Revised Statutes
TITLE 17-A: MAINE CRIMINAL CODE
Chapter 37: FRAUD
17-A §903. Misuse of entrusted property


17-A ME Rev Stat § 903 (2012 through 125th Legis) What's This?

Part 2: SUBSTANTIVE OFFENSES

§903. Misuse of entrusted property

1. A person is guilty of misuse of entrusted property if he deals with property that has been entrusted to him as a fiduciary, or property of the government or of a financial institution, in a manner which he knows is a violation of his duty and which involves a substantial risk of loss to the owner or to a person for whose benefit the property was entrusted.

[ 1975, c. 499, §1 (NEW) .]

2. As used in this section "fiduciary" includes any person carrying on fiduciary functions on behalf of an organization which is a fiduciary.

[ 1975, c. 499, §1 (NEW) .]

3. Misuse of entrusted property is a Class D crime.

[ 1975, c. 499, §1 (NEW) .]

SECTION HISTORY

1975, c. 499, §1 (NEW).

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