New Jersey Statutes
§ 46:8-25 — Unlawful diversion of trust funds; penalty
New Jersey·Title 46 PROPERTY
Any person party to said contract, lease or agreement, or any agent of said person, or any officer of a corporation receiving said moneys, who, with knowledge that such moneys constitute trust funds, unlawfully diverts or consents to an unlawful diversion of such moneys shall be a disorderly person and subject to a fine of not less than $200.00 or by imprisonment for not more than 30 days, or both. L.1967, c. 265, s. 7, eff. Jan. 1, 1968.
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Nearby Sections
15
§ 46:8-19.1
Rules, regulations§ 46:8-20
Procedure on conveyance of property§ 46:8-21
Liability on transfer§ 46:8-21.2
Limitation on amount of deposit§ 46:8-22
Enforcement of trust by civil action§ 46:8-24
Waiver by depositor prohibited§ 46:8-26
Application of act§ 46:8-27
Landlord, project defined.