Kentucky Statutes 517.110 – Misapplication of entrusted property
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(1) A person is guilty of misapplication of entrusted property when he applies or disposes of 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 unauthorized and involves substantial risk of loss or detriment to the owner of the property or to a person for whose benefit the property was entrusted.
(2) Misapplication of entrusted property is a Class A misdemeanor.
For details, see § 532.090
Effective: January 1, 1975
History: Created 1974 Ky. Acts ch. 406, sec. 155, effective January 1, 1975.
(2) Misapplication of entrusted property is a Class A misdemeanor.
Attorney's Note
Under the Kentucky Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class A misdemeanor | up to 12 months | up to $500 |
Terms Used In Kentucky Statutes 517.110
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
Effective: January 1, 1975
History: Created 1974 Ky. Acts ch. 406, sec. 155, effective January 1, 1975.