KRS 517.080: Fraud in insolvency.

(1) A person is guilty of fraud in insolvency when, knowing that proceedings have been

or are about to be instituted for the appointment of a receiver or other person

entitled to administer property for the benefit of creditors, or that any other

composition o r liquidation for the benefit of creditors has been or is about to be

made, he:

(a) Destroys, removes, conceals, encumbers, transfers or otherwise deals with any

property with intent to defeat or obstruct the claim of any creditor, or

otherwise to obstruc t the operation of any law relating to administration of

property for the benefit of creditors; or

(b) Knowingly falsifies any writing or record relating to the property; or

(c) Knowingly misrepresents or refuses to disclose to a receiver or other person

entitled to administer property for the benefit of creditors, the existence,

amount or location of the property, or any other information which the actor

would be legally required to furnish to such administrator.

(2) Fraud in insolvency is a Class A misdemeanor.