Can you summarize KYRS 517.090?

Short Summary

(1) A person is guilty of issuing a false financial statement when, with intent to defraud, he: (a) Knowingly makes or utters a written instrument which purports to describe the financial condition or ability to pay of himself or of some other person and which is inaccurate in some material respect; or (b) Represents in writing that a written instrument purporting to describe a person’s financial condition or ability to pay as of a prior date is accurate with respect to that person’s financial condition or ability to pay, knowing the instrument to be materially inaccurate in that respect. (2) Issuing a false financial statement is a Class A misdemeanor. Effective: January 1, 1975 History: Created 1974 Ky. Acts ch. 406, sec. 153, effective January 1, 1975.

Jurisdiction

Kentucky

Source

• Banking