(A) A person is guilty of misapplication of entrusted property when he or she 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 or she knows is unauthorized and involves substantial risk of loss or detriment to the owner of the property or to a person for whose benefit the property was entrusted.
(B) Misapplication of entrusted property is a Class A misdemeanor.
(KRS 517.110) (1980 Code, § 1020.7-10)