46:8-25. Unlawful diversion of trust funds; penalty
79 words·~1 min read·
/nj/title-46/chapter-8/46-8-25A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any person party to said contract, lease 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.1967, c. 265, s. 7, eff. Jan. 1, 1968.