Missouri Revised Statutes













Chapter 380

County, Town and Farmers' Mutual Property Insurance Companies

←380.381

Section 380.391.1

380.391→

August 28, 2015

Beginning January 1, 2017--Misuse of company assets for private gain, penalty.

380.391. 1. It is unlawful for any officer, director, member, agent

or employee of any company operating under the provisions of sections

380.201 to 380.611 to directly or indirectly use or employ, or permit

others to use or employ, any of the money, funds or securities of the

company for private profit or gain.



2. Any person who willfully engages in any act, practice, omission,

or course of business in violation of this section is guilty of a class E

felony.



3. The director may refer such evidence as is available concerning

violations of this section to the proper prosecuting attorney, who with or

without a criminal reference, or the attorney general under section 27.030,

may institute the appropriate criminal proceedings.



4. Nothing in this section shall limit the power of the state to

punish any person for any conduct that constitutes a crime in any other

state statute.



(L. 1984 H.B. 1498, A.L. 2007 S.B. 66, A.L. 2014 S.B. 491)



Effective 1-01-17





2007

1991



2007



380.391. 1. It is unlawful for any officer, director, member, agent or

employee of any company operating under the provisions of sections 380.201 to

380.611 to directly or indirectly use or employ, or permit others to use or

employ, any of the money, funds or securities of the company for private

profit or gain.



2. Any person who willfully engages in any act, practice, omission, or

course of business in violation of this section is guilty of a class D felony.



3. The director may refer such evidence as is available concerning

violations of this section to the proper prosecuting attorney, who with or

without a criminal reference, or the attorney general under section 27.030,

may institute the appropriate criminal proceedings.



4. Nothing in this section shall limit the power of the state to punish

any person for any conduct that constitutes a crime in any other state

statute.



1991



380.391. No officer, director, member, agent or employee of

any company operating under the provisions of sections 380.201 to

380.591 shall, directly or indirectly, use or employ, or permit

others to use or employ, any of the money, funds or securities of

the company for private profit or gain, and any such use shall be

deemed a felony, punishable, upon conviction, by imprisonment by

the department of corrections and human resources for not less

than two years nor more than five years for each offense.



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