.310   Spreading false rumors regarding solvency of financial institutions.


434.310 Spreading false rumors regarding solvency of financial institutions.
Any person who willfully and maliciously makes, circulates or transmits to others any
false statement, rumor or suggestion, written, printed or by word of mouth, which is
directly or by inference derogatory to the financial condition or affects the solvency of
any bank or trust company doing business in the state, any foreign or domestic insurance
company or any savings and loan association doing business in this state, or who
counsels, aids, procures, or induces another to start, transmit or circulate any such
statement or rumor shall be fined not less than two hundred dollars ($200) nor more than
one thousand dollars ($1,000), or imprisoned for not less than twenty (20) nor more than
one hundred (100) days, or both.
History: Amended 1968 Ky. Acts ch. 152, sec. 164. -- Recodified 1942 Ky. Acts
ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 598a, 869b.