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Code · New Jersey · Title 2A — Administration of Civil and Criminal Justice · Chapter 29A

2A:29A-4. Unlawful diversion of trust funds; offender as disorderly person

74 words·~1 min read·/nj/title-2a/chapter-29a/2a-29a-4

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Any person party to said contract or agreement, or any agent of said person, or any officer of a corporation receiving said moneys, who with knowledge that such moneys constitute trust funds, unlawfully diverts or consents to an unlawful diversion of such moneys shall be a disorderly person and subject to a fine of not less than $200.00 or by imprisonment for not more than 30 days, or both.
L.1962, c. 208, s. 4.
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