154A.160 Prohibitions.
129 words·~1 min read·
/ky/chapter-154a/154a-160A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The corporation shall not organize, participate in, or contribute to a political action
committee, either directly or indirectly.
(2)No person who receives goods, services, moneys, or rights having monetary value
in excess of fifty dollars ($50) pursuant to any contract with the corporation, and no
agent, officer, employee, shareholder, or partner of such person, shall pay money,
service, or other thing of value, to or for the benefit of, any agent, officer, employee
of the corporation or to any person having the authority to appoint or to confirm the
appointment of any agent, officer, and employee of the corporation on account of, in
consideration for, or to induce the corporation to enter into the contract. This
section shall not apply to otherwise lawful contributions to political campaigns.