There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 273 RELIGIOUS, CHARITABLE, AND EDUCATIONAL SOCIETIES -- NONSTOCK, NONPROFIT CORPORATIONS
273.991 Additional penalties for violation of KRS 506.010, 506.030, 506.040, 521.020, or 521.050.
Download pdfcorporation violates any of those sections under circumstances which bring
corporate liability under KRS 502.050(1)(b), the court shall order that the charter of
the nonprofit corporation be suspended for a period of not more than five (5) years
for a first offense, ten (10) years for a second offense, and permanently for a third or
subsequent offense. (2) If a foreign nonprofit corporation is convicted of violating any section specified in subsection (1) of this section, or if an officer, employee, or agent of the corporation
violates any of those sections under circumstances which bring corporate liability
under KRS 502.050(1)(b), the court shall order that the nonprofit corporation not be
permitted to do business in Kentucky for the appropriate period specified in
subsection (1) of this section. (3) The penalties specified in this section shall be in addition to any other penalty specified by law for the commission of the offenses listed in subsection (1) of this
section. Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 477, sec. 8, effective July 15, 1994.
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