§ 673. Abstraction or misappropriation of money, funds or property, or misapplication of credit of private bankers or corporations to which the.
117 words·~1 min read·
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§ 673. Abstraction or misappropriation of money, funds or property, or
misapplication of credit of private bankers or corporations to which the
banking law is applicable, by an officer, director, trustee, employee or
agent thereof. Any officer, director, trustee, employee or agent of any
corporation to which the banking law is applicable, or any employee or
agent of any private banker, who abstracts or wilfully misapplies any of
the money, funds or property of such corporation or private banker, or
wilfully misapplies its or his credit, is guilty of a felony. Nothing in
this section shall be deemed or construed to repeal, amend or impair any
existing provision of law prescribing a punishment for any such offense.