Guam § 43 - Theft of Property Held in Trust; Defined.

§ 43. Theft of Property Held in Trust; Defined.

A person who in the course of business obtains property upon

agreement, or subject to a known legal obligation, to make

specified payment or other disposition, whether from such

property or its proceeds or from his own property to be reserved

in equivalent amount, is guilty of theft if he intentionally deals

with the property as his own and fails to make the required

disposition. The foregoing applies notwithstanding that it may be

impossible to identify particular property as belonging to the

victim at the time of the defendant's failure to make the required

payment or disposition.