CITE

    15 USC Sec. 80a-36                                          01/05/2009

EXPCITE

    TITLE 15 - COMMERCE AND TRADE
    CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS
    SUBCHAPTER I - INVESTMENT COMPANIES

HEAD

    Sec. 80a-36. Larceny and embezzlement

STATUTE

      Whoever steals, unlawfully abstracts, unlawfully and willfully
    converts to his own use or to the use of another, or embezzles any
    of the moneys, funds, securities, credits, property, or assets of
    any registered investment company shall be deemed guilty of a
    crime, and upon conviction thereof shall be subject to the
    penalties provided in section 80a-48 of this title. A judgment of
    conviction or acquittal on the merits under the laws of any State
    shall be a bar to any prosecution under this section for the same
    act or acts.

SOURCE

    (Aug. 22, 1940, ch. 686, title I, Sec. 37, 54 Stat. 841.)