New Jersey · New Jersey Revised Statutes — Title 2C, The New Jersey Code of Criminal Justice
N.J.S.A. Title 2C § 2C:21-15: Misapplication of entrusted property and property of government or financial institution
What this law says, in plain English
A person commits a crime if they unlawfully apply or dispose of property entrusted to them as a fiduciary or property belonging to government or financial institutions, knowing it risks substantial loss. Penalties range from fourth-degree to second-degree crimes based on benefit derived.
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