Maine statute
17-A M.R.S. § 903 — Misuse of entrusted property
Current through First Special Session of the 132nd Maine Legislature (current through October 1, 2025)
Part of Chapter 37: Fraud, Maine Revised Statutes.
Criminal charges under this statute
Full text of 17-A M.R.S. § 903
Statutory text current through the First Special Session of the 132nd Maine Legislature (current through October 1, 2025). This publication reproduces the statutory text of the Maine Revised Statutes from the Revisor of Statutes' official published files; it is not the official statutes of the State of Maine and has not been certified by the Secretary of State.
1. A person is guilty of misuse of entrusted property if that person deals with property that has been entrusted to that person as a fiduciary, or property of the government or of a financial institution, in a manner that that person knows is a violation of that person's duty and that involves a substantial risk of loss to the owner or to a person for whose benefit the property was entrusted.
2. As used in this section "fiduciary" includes any person carrying on fiduciary functions on behalf of an organization that is a fiduciary.
3. Except as provided in subsection 4, misuse of entrusted property is a Class D crime.
4. If a misuse of entrusted property results in the loss of a vulnerable person's property or the loss of property entrusted to a person for the benefit of a vulnerable person and, at the time of the offense, the owner or the beneficiary of the property is a vulnerable person:
A. If the value of the property is more than $1,000 but not more than $10,000, the misuse of entrusted property is a Class C crime; and
B. If the value of the property is more than $10,000, the misuse of entrusted property is a Class B crime.
As used in this subsection, "vulnerable person" means an incapacitated adult as defined in Title 22, section 3472, subsection 10 or a dependent adult as defined in Title 22, section 3472, subsection 6.
Official sources
Legal terms used in this section
This reference is informational and is not legal advice.