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WV SB705
Bill
AI Summary
- Creates the new criminal offense of "theft by conversion" for knowingly converting funds or property lawfully obtained under an agreement to one's own use in violation of that agreement
- Applies to personal property with replacement cost over $100, including heavy equipment, tractors, farm equipment, and leased or rented property
- Establishes a misdemeanor penalty (up to 1 year jail, up to $1,000 fine) for conversions under $2,500 and a felony penalty (1-10 years imprisonment, up to $2,500 fine) for $2,500 or more
- Requires courts to order restitution to victims in addition to or in lieu of other penalties
- Allows prosecution in the county where the defendant resides, the victim resides, the property is located, or where the agreement was executed
Legislative Description
Creating offense of theft by conversion
Crime
Last Action
Completed legislative action
3/14/2026
Committee Referrals
Judiciary2/23/2026
Judiciary2/2/2026
Full Bill Text
No bill text available