272.990 Penalties.

253 words·~1 min read·/ky/chapter-272/272-990

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

(1)Any corporation, association or company using the word "cooperative" as part of its

name in violation of KRS 272.044 shall be fined not less than fifty dollars ($50) nor

more than one thousand dollars ($1,000), and may be enjoined from doing business

under that name by any corporation, or stockholder thereof, organized under KRS

272.020 to 272.044.

(2)Any individual or any corporation whose officers or employees knowingly induce

or attempt to induce any member to break his marketing contract with an

association or who maliciously and knowingly spreads false reports about the

finances or management of any association shall be fined not less than one hundred

dollars ($100) nor more than one thousand dollars ($1,000) for each offense, and

shall be liable to the association aggrieved in a civil suit in the penal sum of five

hundred dollars ($500) for each offense.

(3)Any person conducting a warehouse in this state who persuades or permits any

member of any association to breach his marketing contract with the association by

receiving his products for sale, auction or display contrary to the terms of any

marketing contract of which the offender has notice shall be liable to the association

aggrieved in a civil suit in the penal sum of five hundred dollars ($500) for each

offense, and shall also pay the association a reasonable attorney's fee and all the

costs of the action against him. The association may obtain an injunction against

such warehouseman to prevent further breaches and a multiplicity of actions.