Any evidence of debt, negotiable by delivery only, and actually executed, is the subject of embezzlement, whether it has been delivered or issued as a valid instrument or not.
Cal. Penal Code § 510
Embezzlement
Applied in 2 court decisions — leading case 28 Cal. App. 335 - People v. Hart (1915)
Most recently applied in Alfred v. Pepperidge Farm, Inc. (April 2017)
Enacted 1872.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.