c. 266, § 32
Fraudulent conversion of property by captain of vessel
Official text prohibited actmental stateif conditionpenaltylegal term
Whoever, being a captain of a vessel, or fraudulently converts or appropriates money, goods or property, held or possessed by or delivered to him, which belong wholly or in part to the crew of such vessel, the owners of the vessel, or to those who have furnished supplies to the vessel, although he is a joint charterer or co-partner with the members of the crew or with the owners of the vessel, or with the person who furnished the supplies, shall be guilty of larceny.
Simplified explanation
A ship captain who embezzles or fraudulently converts money, goods or property belonging to the crew, owners or suppliers of the vessel is guilty of larceny.