<br><br> <br>Page 1 of 1 <br>14A.1-050 Penalties imposed for failure to answer interrogatories. (Effective <br>January 1, 2011) <br>(1) If an entity or foreign entity fails or refuses to answer truthfully and fully within the <br>time prescribed to any interrogatories propounded by the Secretary of State, the <br>Secretary of State may with respect to that entity initiate its administrative <br>dissolution or, with respect to a foreign entity qualified to transact business in <br>Kentucky, revoke its certificate of authority. <br>(2) Each person who fails or refuses within the time prescribed to truthfully and fully <br>answer interrogatories propounded to an entity or a foreign entity shall be guilty of a <br>misdemeanor punishable by a fine not to exceed one hundred dollars ($100). <br>(3) Further, an action may be initiated in Franklin Circuit Court by the Secretary of <br>State or the Attorney General against any domestic or foreign entity in furtherance <br>of KRS 14A.1-040(1). <br>Effective: January 1, 2011 <br>History: Created 2010 Ky. Acts ch. 151, sec. 5, effective January 1, 2011. <br><br>