(1) A person is guilty of operating a sham or front company when he knowingly: (a) Establishes;
(b) Assists in the establishment of; (c) Operates; or

Terms Used In Kentucky Statutes 517.120

  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Felony: A crime carrying a penalty of more than a year in prison.
  • Sham or front company: means any business established or in existence which falsely represents that business to be a minority business enterprise, or disadvantaged business enterprise, as defined in 79 C. See Kentucky Statutes 517.010

(d) Assists in the operation of;
a sham or front company.
(2) Operating a sham or front company is a Class D felony.
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 476, sec. 1, effective July 15, 1994.