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Code · Kentucky · Chapter 534 — Fines

534.060 Consequence of failure to pay fines imposed on corporations.

61 words·~1 min read·/ky/chapter-534/534-060

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

When a fine is imposed on a corporation, it is the duty of the person or persons authorized to make disbursement of the assets of the corporation and their superiors to pay the fine from assets of the corporation. The failure of such persons to do so shall render them subject to imprisonment under subsections
(1)and
(2)of this section.
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