State Codes and Statutes
Statutes > North-carolina > Chapter_14 > GS_14-97§14‑97. Appropriation of partnership funds by partner to personal use.
Any person engaged in apartnership business in the State of North Carolina who shall, without theknowledge and consent of his copartner or copartners, take funds belonging tothe partnership business and appropriate the same to his own personal use withthe fraudulent intent of depriving his copartners of the use thereof, shall beguilty of a felony. Appropriation of partnership funds with a value of onehundred thousand dollars ($100,000) or more by a partner is a Class C felony.Appropriation of partnership funds with the value of less than one hundredthousand dollars ($100,000) by a partner is a Class H felony. (1921,c. 127; C.S., s. 4274(a); 1993, c. 539, s. 1179; 1994, Ex. Sess., c. 24, s.14(c); 1997‑443, s. 19.25(i).)
