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N.J. Stat. § 46:8-25

Unlawful diversion of trust funds; penalty

New Jersey · New Jersey Statutes Title 46 — Property · Status: effective

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N.J. Stat. § 46:8-25, Unlawful diversion of trust funds; penalty, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1474935
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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.