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Current as of January 01, 2024 | Updated by FindLaw Staff
1. A person is guilty of misapplication of entrusted property if the person disposes of, uses, or transfers any interest in property that has been entrusted to the person as a fiduciary, or in the person's capacity as a public servant or an officer, director, agent, employee of, or a person controlling a financial institution, in a manner that the person knows is not authorized and that the person knows to involve a risk of loss or detriment to the owner of the property or to the government or other person for whose benefit the property was entrusted.
2. Misapplication of entrusted property is:
a. A class A felony if the value of the property misapplied exceeds fifty thousand dollars.
b. A class B felony if the value of the property misapplied exceeds ten thousand dollars but does not exceed fifty thousand dollars.
c. A class C felony if the value of the property misapplied exceeds one thousand dollars but does not exceed ten thousand dollars.
d. A class A misdemeanor if the value of the property misapplied exceeds five hundred dollars but does not exceed one thousand dollars.
e. A class B misdemeanor in all other cases.
Cite this article: FindLaw.com - North Dakota Century Code Title 12.1. Criminal Code § 12.1-23-07. Misapplication of entrusted property - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-12-1-criminal-code/nd-cent-code-sect-12-1-23-07/
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 or via Westlaw before relying on it for your legal needs.
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