GroundRules
← Search the law
Kentucky · Snapshot 09/05/2026

KRS 517.010: Definitions for chapter.

Read at publisher ↗
Where this section sits in the code
  1. KRS Chapter 517

The following definitions apply in this chapter, unless the context otherwise requires:

(1) "Adulterated" means varying from the standard of composition or quality prescribed

by statute or lawfully promulgated administrative regulation or, if none, as set by

established commercial usage.

(2) "Business record" means any writing or article kept or maintained by an enterprise

for the purpose of evidencing or reflecting its condition or activity.

(3) "Enterprise" means any entity of one (1) or more persons, cor porate or otherwise,

public or private, engaged in business, commercial, professional, industrial,

eleemosynary, social, political, or governmental activity.

(4) "Fiduciary" means a trustee, guardian, executor, administrator, receiver, and any

person carry ing on fiduciary functions on behalf of a corporation or other

organization which is a fiduciary.

(5) "Mislabeled" means:

(a) Varying from the standard of truth or disclosure in labeling prescribed by

statute or lawfully promulgated administrative regulation or, if none, as set by

established commercial usage; or

(b) Represented as being another person's product, though otherwise labeled

accurately as to quality or quantity.

(6) "Sham or front company" means any business established or in existence which

falsely represents that business to be a minority business enterprise, or

disadvantaged business enterprise, as defined in 79 C.F.R. 23.5 or 15 C.F.R.

1400.2, operated or operating for the purpose of obtaining funds, contracts,

subcontracts, services, or oth er benefits from any local government, local

government agency, or special district of this Commonwealth from the

Commonwealth, or any state government agency or public corporation of this

Commonwealth, or from the United States government or any federal g overnment

agency.

Collected 2026-09-05T21:00:02Z. Source file · JSON

Browse this collection