State Codes and Statutes
Statutes > Maine > Title17a > Title17-Ach37sec0 > Title17-Asec903Title 17-A: MAINE CRIMINAL CODE
Part 2: SUBSTANTIVE OFFENSES
Chapter 37: FRAUD
§903. Misuse of entrusted property
1. A person is guilty of misuse of entrusted property if he deals with property that has been entrusted to him as a fiduciary, or property of the government or of a financial institution, in a manner which he knows is a violation of his duty and which involves a substantial risk of loss to the owner or to a person for whose benefit the property was entrusted.
[ 1975, c. 499, §1 (NEW) .]
2. As used in this section "fiduciary" includes any person carrying on fiduciary functions on behalf of an organization which is a fiduciary.
[ 1975, c. 499, §1 (NEW) .]
3. Misuse of entrusted property is a Class D crime.
[ 1975, c. 499, §1 (NEW) .]
SECTION HISTORY
1975, c. 499, §1 (NEW).
