14-97. Appropriation of partnership funds by partner to personal use.
Any person engaged in a partnership business in the State of North Carolina who shall, without the knowledge and consent of his copartner or copartners, take funds belonging to the partnership business and appropriate the same to his own personal use with the fraudulent intent of depriving his copartners of the use thereof, shall be guilty of a felony. Appropriation of partnership funds with a value of one hundred thousand dollars ($100,000) or more by a partner is a Class C felony. Appropriation of partnership funds with the value of less than one hundred thousand dollars ($100,000) by a partner is a Class H felony. (1921, c. 127; C.S., s. 4274(a); 1993, c. 539, s. 1179; 1994, Ex. Sess., c. 24, s. 14(c); 1997-443, s. 19.25(i).)
Structure North Carolina General Statutes
North Carolina General Statutes
§ 14-90 - Embezzlement of property received by virtue of office or employment.
§ 14-91 - Embezzlement of State property by public officers and employees.
§ 14-92 - Embezzlement of funds by public officers and trustees.
§ 14-93 - Embezzlement by treasurers of charitable and religious organizations.
§ 14-94 - Embezzlement by officers of railroad companies.
§ 14-97 - Appropriation of partnership funds by partner to personal use.