Section 903 - Misuse of entrusted property1. 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. [2013, c. 414, §5(AMD).]
2. As used in this section "fiduciary" includes any person carrying on fiduciary functions on behalf of an organization that is a fiduciary. [2013, c. 414, §5(AMD).]
3. Except as provided in subsection 4, misuse of entrusted property is a Class D crime. [2013, c. 414, §5(AMD).]
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: A. If the value of the property is more than $1,000 but not more than $10,000, the misuse of entrusted property is a Class C crime; and [2013, c. 414, §5(NEW).]B. If the value of the property is more than $10,000, the misuse of entrusted property is a Class B crime. [2013, c. 414, §5(NEW).] As used in this subsection, "vulnerable person" means an incapacitated adult as defined in Title 22, section 3472, subsection 10 or a dependent adult as defined in Title 22, section 3472, subsection 6.
[2013, c. 414, §5(NEW).]
Amended by 2013, c. 414,§ 5, eff. 10/9/2013.1975, c. 499, § 1 (NEW) .