2022 -- H 7694

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LC005008

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO CRIMINAL OFFENSES -- THEFT, EMBEZZLEMENT, FALSE

PRETENSES, AND MISAPPROPRIATION

     

     Introduced By: Representative Robert E. Craven

     Date Introduced: March 02, 2022

     Referred To: House Judiciary

     (Judiciary)

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 11-41-12 of the General Laws in Chapter 11-41 entitled "Theft,

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Embezzlement, False Pretenses, and Misappropriation" is hereby amended to read as follows:

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

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

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bill of lading, receipt, or certificate of a warehouse keeper or inspector, or any warrant or order for

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the delivery of goods with which he or she shall have been entrusted, or which shall have been

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consigned to him or her as a security for any money or other property borrowed or received by the

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agent or factor, and shall apply or dispose of the proceeds to his or her own use, in violation of

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good faith, and with intent to defraud any owner of the goods, shall be deemed and taken to be

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guilty of a misdemeanor felony and shall be fined not exceeding one thousand dollars ($1,000) or

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be imprisoned not exceeding five (5) years.

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     SECTION 2. This act shall take effect upon passage.

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LC005008

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO CRIMINAL OFFENSES -- THEFT, EMBEZZLEMENT, FALSE

PRETENSES, AND MISAPPROPRIATION

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     This act would correct the erroneous misdemeanor classification of the criminal offense of

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fraudulent conversion by agent or factor.

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     This act would take effect upon passage.

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LC005008

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