California Code, Financial Code - FIN § 50509
Current as of January 01, 2023 | Updated by FindLaw Staff
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Any officer, director, partner, trustee, or employee of any entity who abstracts or misapplies any of the money, funds, or property of a licensee, or misapplies its credit, or abstracts or misapplies money, funds, trust obligations, or property deposited with a licensee, violates this division. If a violation results in a criminal conviction, the court shall, in addition to any other punishment imposed, order the person to make full restitution to the licensee. Nothing in this section shall be deemed or construed to repeal, amend, or impair any existing provision of law prescribing a punishment for such an offense.
Cite this article: FindLaw.com - California Code, Financial Code - FIN § 50509 - last updated January 01, 2023 | https://codes.findlaw.com/ca/financial-code/fin-sect-50509/
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