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

193 words·~1 min read·/ky/274-991

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 professional service 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 professional service 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 professional service 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

professional service 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.