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2009 Kentucky Revised Statutes
CHAPTER 517 BUSINESS AND COMMERCIAL FRAUDS
517.060 Defrauding secured creditors.

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517.060 Defrauding secured creditors. (1) A person is guilty of defrauding secured creditors when he destroys, removes, conceals, encumbers, transfers or otherwise deals with property subject to a security <br>interest with intent unlawfully to hinder enforcement of that interest. (2) Defrauding secured creditors is a Class A misdemeanor unless the value of the property subject to the security interest is one hundred dollars (&#36;100) or more, in <br>which case it is a Class D felony. Effective: June 17, 1978 <br>History: Amended 1978 Ky. Acts ch. 342, sec. 1, effective June 17, 1978. -- Created 1974 Ky. Acts ch. 406, sec. 150, effective January 1, 1975.

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