47-30-4. Receipt of corporate property without proper accounting entry as theft.
58 words·~1 min read·
/sd/title-47/chapter-47-30/47-30-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any director, officer, or agent of a corporation, who knowingly receives or possesses property of the corporation, otherwise than in payment of a just demand, and who, with intent to defraud, omits to make or cause to be made a full and true entry thereof in the books or accounts of the corporation, is guilty of a theft.