KRS 517.110: Misapplication of entrusted property.

(1) A person is guilty of misapplication of entrusted property when he applies or

disposes of property that has been entrusted to him as a fiduciary, or property of the

government or of a financial institution in a manner which he knows is

unauthorized and inv olves substantial risk of loss or detriment to the owner of the

property or to a person for whose benefit the property was entrusted.

(2) Misapplication of entrusted property is a Class A misdemeanor.