Section 121 - Part owners

A person who is an owner of or interested in a thing, or in the amount, value or proceeds of that thing, jointly or in common with another person or as a member of a company, or who is owner of a thing as a trustee and also as a beneficiary of that thing, whether jointly or in common with another person or for a company of which that person is a member, can be convicted of stealing or of fraudulent breach of trust in respect of the thing; and a person can be a clerk, servant, or officer of a company of which that person is a member.

Illustrations

1. A member of a partnership, or of an association or a corporation, can be convicted of stealing a thing belonging to that member and the other members of the partnership, association or corporation.

2. A servant or officer of a partnership, association, or corporation can be convicted of stealing its property, although that person is a member of it.