Kentucky Statutes 365.992 – Penalties
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(1) Any person making a false statement in the application provided for in KRS
365.410 to 365.480 is guilty of perjury and shall be imprisoned for not more than five (5) years.
(2) Any person who advertises, represents or holds out to the public any sale of goods to be an insurance, bankruptcy, mortgage foreclosure, insolvent’s, assignee’s, executor‘s, administrator’s, receiver’s, trustee‘s, removal sale, going out of business sale, or fire sale without having first complied with the provisions of KRS § 365.410 to KRS § 365.480, is guilty of a misdemeanor and shall be fined not more than $500 or shall be imprisoned in the county jail for not more than six (6) months, or both.
(3) Any person who holds, conducts, or carries on any sale of goods contrary to the provisions of KRS § 365.410 to KRS § 365.480, or who violates any of the provisions of KRS § 365.410 to KRS § 365.480 is guilty of a misdemeanor, and shall be fined not more than $500 or shall be imprisoned in the county jail for not more than six (6) months, or both.
History: Created 1966 Ky. Acts ch. 60, secs. 12 to 14.
365.410 to 365.480 is guilty of perjury and shall be imprisoned for not more than five (5) years.
Terms Used In Kentucky Statutes 365.992
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Executor: A male person named in a will to carry out the decedent
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Trustee: A person or institution holding and administering property in trust.
(2) Any person who advertises, represents or holds out to the public any sale of goods to be an insurance, bankruptcy, mortgage foreclosure, insolvent’s, assignee’s, executor‘s, administrator’s, receiver’s, trustee‘s, removal sale, going out of business sale, or fire sale without having first complied with the provisions of KRS § 365.410 to KRS § 365.480, is guilty of a misdemeanor and shall be fined not more than $500 or shall be imprisoned in the county jail for not more than six (6) months, or both.
(3) Any person who holds, conducts, or carries on any sale of goods contrary to the provisions of KRS § 365.410 to KRS § 365.480, or who violates any of the provisions of KRS § 365.410 to KRS § 365.480 is guilty of a misdemeanor, and shall be fined not more than $500 or shall be imprisoned in the county jail for not more than six (6) months, or both.
History: Created 1966 Ky. Acts ch. 60, secs. 12 to 14.