Chapter 6. Embezzlement - California Penal Code Section 506

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506.  Every trustee, banker, merchant, broker, attorney, agent,
assignee in trust, executor, administrator, or collector, or person
otherwise intrusted with or having in his control property for the
use of any other person, who fraudulently appropriates it to any use
or purpose not in the due and lawful execution of his trust, or
secretes it with a fraudulent intent to appropriate it to such use or
purpose, and any contractor who appropriates money paid to him for
any use or purpose, other than for that which he received it, is
guilty of embezzlement, and the payment of laborers and materialmen
for work performed or material furnished in the performance of any
contract is hereby declared to be the use and purpose to which the
contract price of such contract, or any part thereof, received by the
contractor shall be applied.

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Last modified: February 16, 2015