{"data":{"id":"us-ky/krs-517.060","jurisdiction":"us-ky","citation":"KRS 517.060","heading":"Defrauding secured creditors.","body":"(1) A person is guilty of defrauding secured creditors when he destroys, damages,\nremoves, conceals, encumbers, transfers, or otherwise deals with property subject to\na security interest with intent either to lower the value of the secured interest or\nunlawfully to hinder enforcement of that interest.\n(2) Defrauding secured creditors is a Class A misdemeanor unless the value of the\nproperty subject to the security interest is:\n(a) Five hundred dollars ($500) or more up to ten thousand dollars ($10,000), in\nwhich case it is a Class D felony; or\n(b) Ten thousand dollars ($10,000) or more, in which case it is a Class C felony.","path":["KRS Chapter 517"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40501","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T21:00:02Z","sha256":"278a50d8d96619342b99c677109415950e25cfec38f0ced7b0853f55d8d12b53","source_id":"us-ky","stale":false,"prev":"us-ky/krs-517.050","next":"us-ky/krs-517.070"},"notice":"GroundRules: Original legal text. Not legal advice."}