S2776

	2022 -- S 2776
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	LC005068
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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: Senator F Lombardi
	Date Introduced: March 24, 2022
	Referred To: Senate Judiciary
	(Judiciary)
	It is enacted by the General Assembly as follows:
1	SECTION 1. Section 11-41-12 of the General Laws in Chapter 11-41 entitled "Theft,
2	Embezzlement, False Pretenses, and Misappropriation" is hereby amended to read as follows:
3	11-41-12. Fraudulent conversion by agent or factor.
4	Every agent or factor who shall deposit or pledge any goods, wares, or merchandise or any
5	bill of lading, receipt, or certificate of a warehouse keeper or inspector, or any warrant or order for
6	the delivery of goods with which he or she shall have been entrusted, or which shall have been
7	consigned to him or her as a security for any money or other property borrowed or received by the
8	agent or factor, and shall apply or dispose of the proceeds to his or her own use, in violation of
9	good faith, and with intent to defraud any owner of the goods, shall be deemed and taken to be
10	guilty of a misdemeanor felony and shall be fined not exceeding one thousand dollars ($1,000) or
11	be imprisoned not exceeding five (5) years.
12	SECTION 2. This act shall take effect upon passage.
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	LC005068
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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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1	This act would correct the erroneous misdemeanor classification of the criminal offense of
2	fraudulent conversion by agent or factor.
3	This act would take effect upon passage.
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	LC005068
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	LC005068 - Page 2 of 2