§ 507
Embezzlement by bailees, tenants, and lodgers
Official text prohibited actmental stateif conditionpenaltylegal term
Every person intrusted with any property as bailee, tenant, or lodger, or with any power of attorney for the sale or transfer thereof, who fraudulently converts the same or the proceeds thereof to his own use, or secretes it or them with a fraudulent intent to convert to his own use, is guilty of embezzlement.
History: Enacted 1872.
Simplified explanation
A person entrusted with property as a bailee, tenant, or lodger, or with a power of attorney to sell it, who fraudulently converts or hides it is guilty of embezzlement; no punishment is stated here.