State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 154A00 > 160

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Page 1 of 1 154A.160 Prohibitions. (1) The corporation shall not organize, participate in, or contribute to a political action committee, either directly or indirectly. (2) No person who receives goods, services, moneys, or rights having monetary value in excess of fifty dollars (&#36;50) pursuant to any contract with the corporation, and no <br>agent, officer, employee, shareholder, or partner of such person, shall pay money, <br>service, or other thing of value, to or for the benefit of, any agent, officer, employee <br>of the corporation or to any person having the authority to appoint or to confirm the <br>appointment of any agent, officer, and employee of the corporation on account of, in <br>consideration for, or to induce the corporation to enter into the contract. This <br>section shall not apply to otherwise lawful contributions to political campaigns. Effective: March 16, 2005 <br>History: Amended 2005 Ky. Acts ch. 105, sec. 11, effective March 16, 2005. -- Amended 1994 Ky. Acts ch. 170, sec. 9, effective July 15, 1994. -- Created 1988 (1st <br>Extra. Sess.) Ky. Acts ch. 1, secs. 22, 23, and 25, effective December 15, 1988.