273.991 Additional penalties for violation of KRS 506.010, 506.030, 506.040,

189 words·~1 min read·/ky/273-991

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

521.020, or 521.050.

(1)If a domestic nonprofit corporation is convicted of a violation of KRS 506.010,

506.030, 506.040, 521.020, or 521.050, 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 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.