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 corpora tion 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 office r, 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. ent' 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.
Kentucky Legal Code