Any person having the possession of any books, correspondence or papers of a corporation that may show or tend to show any violation of the provisions of KRS
121.025, or of KRS § 121.045 or 121.055, or of subsection (1) of KRS § 121.310, who refuses, when summoned by a grand jury, to produce such books, correspondence or papers, or to appear and testify concerning them or to give any other evidence material to the matter under investigation, shall be guilty of a Class A misdemeanor.

Attorney's Note

Under the Kentucky Statutes, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
Class A misdemeanorup to 12 months up to $500
For details, see § 532.090

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Terms Used In Kentucky Statutes 119.325

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Testify: Answer questions in court.

Effective: July 13, 1990
History: Amended 1990 Ky. Acts ch. 48, sec. 82, effective July 13, 1990. — Created
1974 Ky. Acts ch. 130, sec. 93.