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KRS 534.050

Fines against corporations

Applied in 3 court decisions — leading case Hoskins v. Maricle (2004)

Most recently applied in Hoskins v. Maricle (December 2004)

Effective: January 1, 1975

How often courts cite this section

198019902000200410
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(1) For an offense defined in this code a corporation convicted of an offense may be sentenced to pay a fine in an amount not to exceed:

(a) For a felony of any class, $20,000; or (b) For a Class A misdemeanor, $10,000; or (c) For a Class B misdemeanor, $5,000; or (d) For a violation, $500; or (e) Double the amount of the defendant's gain from commission of the offense, whichever is the greater.

(2) For an offense defined outside this code for which no special corporate fine is specified, a corporation convicted of an offense may be sentenced to pay a fine in an amount not to exceed:

(a) $20,000, if the offense when committed by an individual has an authorized term of imprisonment in the penitentiary; or (b) $10,000, if the offense when committed by an individual has an authorized term of imprisonment of not less than ninety (90) days nor more than twelve (12) months; or (c) $5,000, if the offense when committed by an individual has an authorized term of imprisonment of less than ninety (90) days; or (d) $500, if the offense when committed by an individual has no authorized term of imprisonment; or (e) Double the amount of the defendant's gain from commission of the offense, whichever is the greater.

(3) For an offense defined outside this code for which a special corporate fine is specified, a corporation convicted of the offense may be sentenced to pay a fine in the amount specified in the law that defines the offense.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.