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- Alaska Statutes.
- Title 11. Criminal Law
- Chapter 46. Offenses Against Property
- Section 620. Misapplication of Property.
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AS 11.46.620. Misapplication of Property.
- (a) A person commits the crime of misapplication of property if the person knowingly misapplies property that has been
entrusted to that person as a fiduciary or that is property of the government or a financial institution.
- (b) It is not a defense to a prosecution under this section that it may be impossible to identify particular property as
belonging to the victim at the time of the defendant's misapplication.
- (c) For purposes of this section, "misapply" means to deal with or dispose of property contrary to
- (1) law;
- (2) a judicial rule or order; or
- (3) the obligations of a fiduciary relationship.
- (d) Misapplication of property is
- (1) a class C felony if the value of the property misapplied is $500 or more;
- (2) a class A misdemeanor if the value of the property misapplied is less than $500.
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