Larceny Act, 1868

Member of copartnership or one of several owners guilty of converting to his own use, &c. property of co-partnership, &c. liable to be tried as if not such member, &c.

1. If any person, being a member of any copartnership, or being one of two or more beneficial owners of any money, goods, or effects, bills, notes, securities, or other property, shall steal or embezzle any such money, goods, or effects, bills, notes, securities, or other property of or belonging to any such copartnership or to such joint beneficial owners, every such person shall be liable to be dealt with, tried, convicted, and punished for the same as if such person had not been or was not a member of such copartnership or one of such beneficial owners.