Rhode Island § 11-41-12 § 11-41-12. Fraudulent conversion by agent or factor.

Rhode Island Statutes

§ 11-41-12 — § 11-41-12. Fraudulent conversion by agent or factor.

Rhode Island·Title 11 Criminal Offenses·Ch. 11-41 Theft, Embezzlement, False Pretenses, and Misappropriation

§ 11-41-12. Fraudulent conversion by agent or factor.
Every agent or factor who shall deposit or pledge any goods, wares, or merchandise
            or any bill of lading, receipt, or certificate of a warehouse keeper or inspector,
            or any warrant or order for the delivery of goods with which he or she shall have
            been entrusted, or which shall have been consigned to him or her as a security for
            any money or other property borrowed or received by the agent or factor, and shall
            apply or dispose of the proceeds to his or her own use, in violation of good faith,
            and with intent to defraud any owner of the goods, shall be deemed and taken to be
            guilty of 

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§ 11-41-12. Fraudulent conversion by agent or factor.

Every agent or factor who shall deposit or pledge any goods, wares, or merchandise or any bill of lading, receipt, or certificate of a warehouse keeper or inspector, or any warrant or order for the delivery of goods with which he or she shall have been entrusted, or which shall have been consigned to him or her as a security for any money or other property borrowed or received by the agent or factor, and shall apply or dispose of the proceeds to his or her own use, in violation of good faith, and with intent to defraud any owner of the goods, shall be deemed and taken to be guilty of a felony and shall be fined not exceeding one thousand dollars ($1,000) or be imprisoned not exceeding five (5) years.

Rhode Island § 11-41-12 (§ 11-41-12. Fraudulent conversion by agent or factor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

G.L. 1896, ch. 279, § 21; G.L. 1909, ch. 345, § 21; G.L. 1923, ch. 397, § 21; G.L. 1938, ch. 608, § 21; G.L. 1956, § 11-41-12; P.L. 2022, ch. 69, § 1, effective June 15, 2022; P.L. 2022, ch. 70, § 1, effective June 15, 2022.