46:8-25 - Unlawful diversion of trust funds; penalty - New Jersey Statutes

46:8-25.  Unlawful diversion of trust funds;  penalty    Any person party to said contract, lease or agreement, or any agent of said  person, or any officer of a corporation receiving said moneys, who, with knowledge that such moneys constitute trust funds, unlawfully diverts or consents to an unlawful diversion of such moneys shall be a disorderly person and subject to a fine of not less than $200.00 or by imprisonment for not more than 30 days, or both.

     L.1967, c. 265, s. 7, eff. Jan. 1, 1968.