New Jersey § 2c:21-15
Full text of New Jersey New Jersey Statutes § 2c:21-15, with citation guidance and answers to common questions.
§ 2c:21-15.
Misapplication of Entrusted Property and Property of Government or Financial Institution. A person commits a crime if he applies or disposes of property that has been entrusted
to him as a fiduciary, or property belonging to or required to be withheld for the
benefit of the government or of a financial institution in a manner which he knows
is unlawful and involves substantial risk of loss or detriment to the owner of the
property or to a person for whose benefit the property was entrusted whether or not
the actor has derived a pecuniary benefit. “ Fiduciary ” includes trustee, guardian, executor, administrator, receiver and any person carrying
on fiduciary functions on behalf of a corporation or other organization which is a
fiduciary. If the benefit derived from a violation of this section is $75,000.00, or more, the
offender is guilty of a crime of the second degree. If the benefit derived exceeds $1,000.00, but is less than $75,000.00, the offender
is guilty of a crime of the third degree. If the benefit derived is $1,000.00, or less, the offender is guilty of a crime
of the fourth degree. For the purposes of this section, the term “ benefit derived ” shall include but shall not be limited to the amount of any tax avoided, evaded
or otherwise unpaid or improperly retained or disposed of.
Frequently Asked Questions About New Jersey § 2c:21-15
What does New Jersey Statutes § 2c:21-15 cover?
Section 2c:21-15 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 2c:21-15?
A common citation format is "New Jersey Statutes § 2c:21-15" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 2c:21-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.