SECOND REGULAR SESSION

HOUSE BILL NO. 1490

92ND GENERAL ASSEMBLY

INTRODUCED BY REPRESENTATIVES MAYER (Sponsor) AND BISHOP (Co-sponsor).

         Read 1^st time February 16, 2004, and copies ordered printed.

STEPHEN S. DAVIS, Chief Clerk

4007L.01I

AN ACT

To amend chapter 404, RSMo, by adding thereto one new section relating to misuse of a power of attorney, with penalty provisions.

Be it enacted by the General Assembly of the state of Missouri, as follows:

            Section A. Chapter 404, RSMo, is amended by adding thereto one new section, to be known as section 404.729, to read as follows:

            404.729. 1. A person commits the crime of misuse of a power of attorney if such person misuses a power of attorney in such a manner that it results in the unauthorized appropriation, sale, or transfer of funds, assets, or property for the benefit of someone other than the principal of the power of attorney.

            2. Misuse of a power of attorney is a class A misdemeanor for a first offense unless the value of the funds, assets, or property is five hundred dollars or more in which case it is a class C felony. A second or subsequent offense is a class C felony.