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Marginalia
Code · Kentucky · Chapter 517 — Business and commercial frauds

517.110 Misapplication of entrusted property.

79 words·~1 min read·/ky/chapter-517/517-110

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A person is guilty of misapplication of entrusted property when he applies or
disposes of property that has been entrusted to him as a fiduciary, or property of the
government or of a financial institution in a manner which he knows is
unauthorized 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.
(2)Misapplication of entrusted property is a Class A misdemeanor.
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