2009 Kentucky Revised Statutes
CHAPTER 517 BUSINESS AND COMMERCIAL FRAUDS
517.010 Definitions for chapter.

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Page 1 of 1 517.010 Definitions for chapter. The following definitions apply in this chapter, unless the context otherwise requires: <br>(1) &quot;Adulterated&quot; means varying from the standard of composition or quality prescribed by statute or lawfully promulgated administrative regulation or, if none, as set by <br>established commercial usage. (2) &quot;Business record&quot; means any writing or article kept or maintained by an enterprise for the purpose of evidencing or reflecting its condition or activity. (3) &quot;Enterprise&quot; means any entity of one (1) or more persons, corporate or otherwise, public or private, engaged in business, commercial, professional, industrial, <br>eleemosynary, social, political, or governmental activity. (4) &quot;Fiduciary&quot; means a trustee, guardian, executor, administrator, receiver, and any person carrying on fiduciary functions on behalf of a corporation or other <br>organization which is a fiduciary. (5) &quot;Mislabeled&quot; means: (a) Varying from the standard of truth or disclosure in labeling prescribed by statute or lawfully promulgated administrative regulation or, if none, as set by <br>established commercial usage; or (b) Represented as being another person's product, though otherwise labeled accurately as to quality or quantity. (6) &quot;Sham or front company&quot; means any business established or in existence which falsely represents that business to be a minority business enterprise, or <br>disadvantaged business enterprise, as defined in 79 C.F.R. 23.5 or 15 C.F.R. <br>1400.2, operated or operating for the purpose of obtaining funds, contracts, <br>subcontracts, services, or other benefits from any local government, local <br>government agency, or special district of this Commonwealth from the <br>Commonwealth, or any state government agency or public corporation of this <br>Commonwealth, or from the United States government or any federal government <br>agency. Effective: July 15, 1994 <br>History: Amended 1994 Ky. Acts ch. 476, sec. 2, effective July 15, 1994. -- Created 1974 Ky. Acts ch. 406, sec. 145, effective January 1, 1975.

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