Kentucky Statutes 518.020 – Commercial bribery
Current as of: 2024 | Check for updates
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(1) A person is guilty of commercial bribery when he:
(a) Offers, confers or agrees to confer any benefit upon any employee or agent without the consent of the latter’s employer or principal with intent to influence his conduct contrary to his employer’s or principal’s best interests; or
For details, see § 532.090
(b) Offers, confers or agrees to confer any benefit upon any fiduciary without the consent of the latter’s beneficiary with intent to influence him to act or conduct himself contrary to his fiduciary obligation.
(2) Commercial bribery is a Class A misdemeanor.
Effective: January 1, 1975
History: Created 1974 Ky. Acts ch. 406, sec. 157, effective January 1, 1975.
(a) Offers, confers or agrees to confer any benefit upon any employee or agent without the consent of the latter’s employer or principal with intent to influence his conduct contrary to his employer’s or principal’s best interests; 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 A misdemeanor | up to 12 months | up to $500 |
Terms Used In Kentucky Statutes 518.020
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Benefit: means gain or advantage to the beneficiary or to a third person pursuant to the desire or consent of the beneficiary. See Kentucky Statutes 518.010
- Fiduciary: A trustee, executor, or administrator.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) Offers, confers or agrees to confer any benefit upon any fiduciary without the consent of the latter’s beneficiary with intent to influence him to act or conduct himself contrary to his fiduciary obligation.
(2) Commercial bribery is a Class A misdemeanor.
Effective: January 1, 1975
History: Created 1974 Ky. Acts ch. 406, sec. 157, effective January 1, 1975.