76-3-303. Additional sanctions against corporation or association -- Advertising of conviction -- Disqualification of officer.
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Effective 5/7/2025
76-3-303. Additional sanctions against corporation or association -- Advertising of conviction -- Disqualification of officer.
(1)When a corporation or association is convicted of an offense, the court may, in addition to or in lieu of imposing other authorized sanctions, require the corporation or association to give appropriate publicity of the conviction by notice to the class or classes of persons or section of the public interested in or affected by the conviction, by advertising in designated areas, or by designated media or otherwise.
(2)When an executive or high managerial officer of a corporation or association is convicted of an offense committed in furtherance of the affairs of the corporation or association, the court may include in the sentence an order disqualifying the executive or high managerial officer from exercising similar functions in the same or other corporations or associations for a period of not exceeding five years if the court finds the scope or willfulness of the illegal actions make it dangerous or inadvisable for such functions to be entrusted to the executive or high managerial officer.
Amended by Chapter 302 , 2025 General Session