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:

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

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

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

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

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

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

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

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

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

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

be imprisoned not exceeding five (5) years.

     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

fraudulent conversion by agent or factor.

     This act would take effect upon passage.

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LC005008

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