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§ 7-113. Embezzlement--Fraudulent misappropriation by fiduciaries

West's Annotated Code of MarylandCriminal Law

West's Annotated Code of Maryland
Criminal Law (Refs & Annos)
Title 7. Theft and Related Crimes
Subtitle 1. Crimes Involving Theft
Part II. Related Crimes
MD Code, Criminal Law, § 7-113
Formerly cited as MD CODE Art. 27, § 132
§ 7-113. Embezzlement--Fraudulent misappropriation by fiduciaries
Prohibited
(a) A fiduciary may not:
(1) fraudulently and willfully appropriate money or a thing of value that the fiduciary holds in a fiduciary capacity contrary to the requirements of the fiduciary's trust responsibility; or
(2) secrete money or a thing of value that the fiduciary holds in a fiduciary capacity with a fraudulent intent to use the money or thing of value contrary to the requirements of the fiduciary's trust responsibility.
Penalty
(b) A person who violates this section is guilty of the misdemeanor of embezzlement and on conviction is subject to imprisonment for not less than 1 year and not exceeding 5 years.
Statute of limitations and in banc review
(c) A person who violates this section is subject to § 5-106(b) of the Courts Article.

Credits

Added by Acts 2002, c. 26, § 2, eff. Oct. 1, 2002. Amended by Acts 2003, c. 21, § 1, eff. April 8, 2003.
Formerly Art. 27, § 132.
MD Code, Criminal Law, § 7-113, MD CRIM LAW § 7-113
Current through all legislation from the 2020 Regular Session of the General Assembly.
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