Section 11.46.620. Misapplication of property.

   (a) A person commits the crime of misapplication of property if the person knowingly misapplies property that has been entrusted to that person as a fiduciary or that is property of the government or a financial institution.
   (b) It is not a defense to a prosecution under this section that it may be impossible to identify particular property as belonging to the victim at the time of the defendant's misapplication.
   (c) For purposes of this section, "misapply" means to deal with or dispose of property contrary to
        (1) law;
        (2) a judicial rule or order; or
        (3) the obligations of a fiduciary relationship.
   (d) Misapplication of property is
        (1) a class C felony if the value of the property misapplied, adjusted for inflation as provided in AS 11.46.982, is $1,000 or more;
        (2) a class A misdemeanor if the value of the property misapplied, adjusted for inflation as provided in AS 11.46.982, is less than $1,000.

Authorities

45.88.120

Notes

Recent Bills that will modify this

SB 91 OMNIBUS CRIM LAW & PROCEDURE; CORRECTIONS

References

AS 45.88.120 Loans.

History

(Sec. 4 ch 166 SLA 1978; am Sec. 15 ch 102 SLA 1980; am Sec. 18 ch 83 SLA 2014; am Sec. 22 ch 36 SLA 2016)