New Jersey statute

N.J.S.A. 2C:21-15 — Misapplication of entrusted property and property of government or financial institution

Current through P.L.2025, c.346, and J.R.22

Part of Chapter 21, Colorado Revised Statutes.

Criminal charges under this statute

Misapplication of entrusted property and property of government or financial institution

Full text of N.J.S.A. 2C:21-15

Statutory text current through the P.L.2025, c.346, and J.R.22. This is an officially sanctioned publication using the official text of the Colorado Revised Statutes; it is not the official statutes of the State of Colorado.

N.J.S.A. 2C:21-15Primary source, current through the P.L.2025, c.346, and J.R.22

Misapplication of Entrusted Property and Property of Government or Financial Institution. A person commits a crime if he applies or disposes of property that has been entrusted to him as a fiduciary, or property belonging to or required to be withheld for the benefit of the government or of a financial institution in a manner which he knows is unlawful and involves substantial risk of loss or detriment to the owner of the property or to a person for whose benefit the property was entrusted whether or not the actor has derived a pecuniary benefit. "Fiduciary" includes trustee, guardian, executor, administrator, receiver and any person carrying on fiduciary functions on behalf of a corporation or other organization which is a fiduciary. If the benefit derived from a violation of this section is $75,000.00, or more, the offender is guilty of a crime of the second degree. If the benefit derived exceeds $1,000.00, but is less than $75,000.00, the offender is guilty of a crime of the third degree. If the benefit derived is $1,000.00, or less, the offender is guilty of a crime of the fourth degree. For the purposes of this section, the term "benefit derived" shall include but shall not be limited to the amount of any tax avoided, evaded or otherwise unpaid or improperly retained or disposed of. L.1978, c.95; amended by L. 1979, c. 178, s. 41; 1987, c. 76, s. 33.

Official sources

justia: N.J.S.A. 2C:21-15

Legal terms used in this section

Questions this section answers

What degree of offense is misapplication of entrusted property and property of government or financial institution in New Jersey?

It depends on the circumstances: misapplication of entrusted property and property of government or financial institution ranges from a crime of the fourth degree to a crime of the second degree in New Jersey under N.J.S.A. 2C:21-15.

Misapplication — benefit $75,000 or more: crime of the second degree (N.J.S.A. 2C:21-15undefined) · Misapplication — benefit exceeds $1,000 but less than $75,000: crime of the third degree (N.J.S.A. 2C:21-15undefined) · Misapplication — benefit $1,000 or less: crime of the fourth degree (N.J.S.A. 2C:21-15undefined)

Which New Jersey statute covers misapplication of entrusted property and property of government or financial institution?

Misapplication of entrusted property and property of government or financial institution is governed by N.J.S.A. 2C:21-15 (Misapplication of entrusted property and property of government or financial institution).

This reference is informational and is not legal advice.