SB705WEST HFATVIRGINIA AkersLEGISLATURE 3-13MorganREGULAR 3345 DelegateSESSION AkersEnrolled movedSenate toBill amend705 theB billYSENATORS byW strikingELD, outEEDS,AND theWOELFEL title[Passed andMarch substituting14, therefor2026; a new title, to read as follows: “A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §61-3-61, providing definitions;

in effect 90 days from passage (June 12, 2026)] Enr SB 705 AN ACT to amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §61-3-61, relating to providing definitions;

and establishing venue.”;    AdoptedRejected venue.

Be it enacted by the Legislature of West Virginia:

ARTICLE 3.

CRIMES AGAINST PROPERTY.

§61-3-61.

Theft by conversion;

penalties;

and restitution.

(a) As used in this section, the following terms shall have the following meanings:

"Property" includes, but is not limited to, leased or rented personal property;

"Personal property" means personal property having a replacement cost value greater than $100, excluding any late fees and penalties, including but not limited to heavy equipment contained within the definition of "heavy equipment rental inventory" in §11-5-15 of this code, tractors, and other farm equipment primarily designed for use in agriculture;

and "Funds" means any form of money, including cash, payment instruments such as checks, money orders, or sales drafts, and receipts from electronic fund transfers.

(b) A person is guilty of the offense of theft by conversion when, after having lawfully obtained funds or other property of another under an agreement or by some other legal obligation in order to make a specified application of the funds or a specified disposition of the property, he or she knowingly converts the funds or property to his or her own use in violation of the agreement or legal obligation.

(c) Any person who violates the provisions of this section involving funds or other property valued in an amount of less than $2,500 is guilty of a misdemeanor and, upon conviction thereof, shall be confined in jail for not more than one year, fined not more than $1,000, or both fined and confined.

Any person who violates the provisions of this section involving funds or other property valued in an amount of $2,500 or more, is guilty of a felony and, upon conviction thereof, shall be Enr SB 705 imprisoned in a state correctional facility for not less than one year nor more than 10 years, fined not more than $2,500, or both fined and imprisoned.

(d) The court, when sentencing a defendant convicted of an offense under this section, shall order, in addition to or in lieu of any other penalty authorized by law, that the defendant make restitution to any victim in accordance with §61-11A-4 of this code.

(e) Venue for prosecution of any violation of this section may be in the county in which the defendant resides, the county in which the victim resides, in the county where the property is located, in the county where the agreement was executed, or in the county where the obligation arose.

Enr SB 705 The Clerk of the Senate and the Clerk of the House of Delegates hereby certify that the foregoing bill is correctly enrolled.

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Clerk of the Senate ...............................................................

Clerk of the House of Delegates Originated in the Senate.

In effect 90 days from passage.

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President of the Senate ...............................................................

Speaker of the House of Delegates __________ The within is ................................................

this the...........................................

Day of ..........................................................................................................., 2026.

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Governor 3