§ 17-A §903 — Misuse of entrusted property

Maine § 17-A §903

• Jurisdiction: Maine
• Title 17-A: MAINE CRIMINAL CODE
• Part 2: SUBSTANTIVE OFFENSES
• Ch. 37: FRAUD

Text

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:

Legislative History

PL 1975, c. 499, §1 (NEW). PL 2013, c. 414, §5 (AMD).