Glossary term

Section 403 – Dishonest Misappropriation of Property

This term has 2 definitions.

1. unauthorized use or conversion of another’s property for one’s own use. It applies when someone lawfully receives property but wrongfully keeps or misappropriates it. This section safeguards against trust breaches, theft in fiduciary relationships, and corporate asset misuse without requiring proof of initial illegal acquisition.

2. This section penalizes individuals who dishonestly misappropriate or convert movable property for their own use without the owner's consent. Such actions can lead to imprisonment for up to two years, a fine, or both. The provision aims to protect property rights and deter unauthorized use of another's property.

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