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Current as of January 01, 2025 | Updated by Findlaw Staff
1. A person is guilty of misuse of entrusted property if that person deals with property that has been entrusted to that person as a fiduciary, or property of the government or of a financial institution, in a manner that that person knows is a violation of that person's duty and that involves a substantial risk of loss to the owner or to a person for whose benefit the property was entrusted.
2. As used in this section “fiduciary” includes any person carrying on fiduciary functions on behalf of an organization that is a fiduciary.
3. Except as provided in subsection 4, misuse of entrusted property is a Class D crime.
4. If a misuse of entrusted property results in the loss of a vulnerable person's property or the loss of property entrusted to a person for the benefit of a vulnerable person and, at the time of the offense, the owner or the beneficiary of the property is a vulnerable person:
A. If the value of the property is more than $1,000 but not more than $10,000, the misuse of entrusted property is a Class C crime; and
B. If the value of the property is more than $10,000, the misuse of entrusted property is a Class B crime.
As used in this subsection, “vulnerable person” means an incapacitated adult as defined in Title 22, section 3472, subsection 10 or a dependent adult as defined in Title 22, section 3472, subsection 6.
Cite this article: FindLaw.com - Maine Revised Statutes Title 17-A. Maine Criminal Code § 903. Misuse of entrusted property - last updated January 01, 2025 | https://codes.findlaw.com/me/title-17-a-maine-criminal-code/me-rev-st-tit-17-a-sect-903/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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