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New Jersey Statutes, Title: 2A, ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
Chapter 29a: Money deposited or advanced for purchase of dwelling house as trust fund
Section: 2A:29a-4: Unlawful diversion of trust funds; offender as disorderly person
Any person party to said contract 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.1962, c. 208, s. 4.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 2a:29a-4 (if available):
Court decisions that cite this statute:
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