0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Can you sue people for theft?
Yes. Theft is a tort (a civil wrong) known as conversion or misappropriation.
What is a conversion rate?
The exchange rate for monies from one county to the next.
What is the definition of misappropriation of funds?
A dictionary definition of misappropriation of funds is the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any person with a responsibility to care for and protect another's assets (a fiduciary duty). In short, misappropriation of funds is defined as fraudulent use of funds - money - by a person, persons, entity or entities, other than their legal or rightful owner. The quick synonym is theft.
Who should you contact when you suspect misappropriation of funds?
Who should you contact when you suspect misappropriation of funds?
How do you obtain funds that are deposited in a fiduciary account?
The fiduciary is the person with the authority to make deposits to and withdrawals from a fiduciary account. If the original fiduciary cannot act a new fiduciary must be appointed.
Can an insurance broker use a premium payment for reasons other than paying premium to insurer in the time between the collection of the premium and the due date of the premium?
No, This would be considered a misappropriation of premium funds. It is a violation of your agents fiduciary responsibilities and is strictly prohibited by your state regulators.
What is a sentence for the word misappropriation?
Suspecting a misappropriation of funds, the attorney general launched and investigation into the treasurer's bookkeeping practices. The senator argued that funding that program is a significant misappropriation of tax payer dollars.
What part of speech is fiduciary?
It is an adjective or a noun. A fiduciary (noun) is a person who acts in a fiduciary (adjective) capacity.
When does the statute of limitations on embezzlement expire in CT?
Sec. 35-56. Limitation of action for misappropriation. No action for misappropriation shall be brought but within three years from the date the misappropriation is discovered or by the exercise of reasonable diligence should have been discovered. For the purposes of this section, a continuing misappropriation constitutes a single claim.
What is the difference between the trustee and the fiduciary of a trust?
fiduciary and trustee
What is a fiduciary receipt?
Typically, a fiduciary prudently takes care of money for another person. So a "fiduciary receipt" is a document that a person acting in capacity of a fiduciary for another person would get in order to allow an audit of the discharge of their duties - part of a fiduciary account.
When was Fidelity Fiduciary Bank created?
Fidelity Fiduciary Bank was created in 1964.
