Massachusetts · Massachusetts General Laws — Part IV, Title I, Crimes and Punishments
Mass. Gen. Laws (Crimes) § 266:55: Liquidating agent or receiver; embezzlement
What this law says, in plain English
A liquidating agent, receiver, or court-appointed officer who embezzles, fraudulently converts, or misapplies bank funds or property in their possession commits larceny, punishable by up to 10 years in state prison or a fine and jail time.
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