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
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.
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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