2016 New Jersey Revised Statutes
Title 46 - Property
Section 46:8-25 - Unlawful Diversion Of Trust Funds; Penalty

NJ Rev Stat § 46:8-25 (2016) What's This?

46:8-25. Unlawful diversion of trust funds; penalty
Any person party to said contract, lease or agreement, or any agent of said person, or any officer of a corporation receiving said moneys, who, with knowledge that such moneys constitute trust funds, unlawfully diverts or consents to an unlawful diversion of such moneys shall be a disorderly person and subject to a fine of not less than $200.00 or by imprisonment for not more than 30 days, or both.

L.1967, c. 265, s. 7, eff. Jan. 1, 1968.

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