570.217. Misapplication of funds of a financial institution, penalties. - Missouri Statutes

Misapplication of funds of a financial institution, penalties.

570.217. 1. A person commits the crime of misapplicationof funds of a financial institution if, being an officer,director, agent, or employee of, or connected in any capacitywith, any bank, trust company, savings and loan association, orcredit union, he embezzles, abstracts, purloins, or willfullymisapplies any of the money, funds, or credits of suchinstitution or any moneys, funds, assets, or securities entrustedto the custody or care of such institution, or to the custody orcare of any such agent, officer, director, employee, or receiver.

2. Misapplication of funds of a financial institution is aclass C felony, but if the amount embezzled, abstracted,purloined, or misapplied does not exceed one thousand dollars, itis a class D felony.

(L. 1985 H.B. 408 § 570.195, A.L. 1991 H.B. 206)