§11-41-12  Fraudulent conversion by agent or factor. –

Published: 2015

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Criminal Offenses


Theft, Embezzlement, False Pretenses, and Misappropriation

SECTION 11-41-12

   § 11-41-12  Fraudulent conversion by agent

or factor. –

Every agent or factor who shall deposit or pledge any goods, wares, or

merchandise or any bill of lading, receipt, or certificate of a warehouse

keeper or inspector, or any warrant or order for the delivery of goods with

which he or she shall have been entrusted, or which shall have been consigned

to him or her as a security for any money or other property borrowed or

received by the agent or factor, and shall apply or dispose of the proceeds to

his or her own use, in violation of good faith, and with intent to defraud any

owner of the goods, shall be deemed and taken to be guilty of a misdemeanor and

shall be fined not exceeding one thousand dollars ($1,000) or be imprisoned not

exceeding five (5) years.

History of Section.

(G.L. 1896, ch. 279, § 21; G.L. 1909, ch. 345, § 21; G.L. 1923, ch.

397, § 21; G.L. 1938, ch. 608, § 21; G.L. 1956, §