Corporate liability

KRS 502.050

in effect

502.050. Corporate liability (1) A corporation is guilty of an offense when: (a) The conduct constituting the offense consists of a failure to discharge a specific duty imposed upon corporations by law; or (b) The conduct constituting the offense is engaged in, authorized, commanded or wantonly tolerated by the board of directors or by a high managerial agent acting within the scope of his employment in behalf of the corporation; or (c) The conduct constituting the offense is engaged in by an agent of the corporation acting within the scope of his employment and in behalf of the corporation and: 1. The offense is a misdemeanor or violation; or 2. The offense is one defined by a statute which clearly indicates a legislative intent to impose such criminal liability on a corporation. (2) As used in this section: (a) "Agent" means any officer, director, servant or employee of the corporation or any other person authorized to act in behalf of the corporation. (b) "High managerial agent" means an officer of a corporation or any other agent of a corporation who has duties of such responsibility that his conduct reasonably may be assumed to represent the policy of the corporation. Effective: January 1, 1975 History: Created 1974 Ky. Acts ch. 406, sec. 24, effective January 1, 1975.

Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=19663Fetched: 10/20/2026