New Hampshire Revised Statutes 638:11 – Misapplication of Property
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I. A person is guilty of a misdemeanor if he deals with 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 a violation of his duty and which involves substantial risk of loss to the owner or to a person for whose benefit the property was entrusted.
II. As used in this section, “fiduciary” includes any person carrying on fiduciary functions on behalf of a corporation or other organization which is a fiduciary. “Government” and “financial institution” have the meanings given in N.H. Rev. Stat. § 637:10, IV. “Property” has the meaning given in N.H. Rev. Stat. § 637:2, I.
II. As used in this section, “fiduciary” includes any person carrying on fiduciary functions on behalf of a corporation or other organization which is a fiduciary. “Government” and “financial institution” have the meanings given in N.H. Rev. Stat. § 637:10, IV. “Property” has the meaning given in N.H. Rev. Stat. § 637:2, I.
Terms Used In New Hampshire Revised Statutes 638:11
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiduciary: A trustee, executor, or administrator.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9