Kentucky Statutes 517.120 – Operating a sham or front company
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(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
For details, see § 532.060
(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.
(b) Assists in the establishment of; (c) Operates; or
Attorney's Note
Under the Kentucky Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class D felony | between 1 and 5 years | between $1,000 and $10,000 |
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
- 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.