§351-82 - Effect of conviction upon contract; deposit of monetary compensation with the commission.

     §351-82  Effect of conviction upon contract; deposit of monetary compensation with the commission.  If the person indicted or charged is subsequently convicted, the person, firm, corporation, partnership, association, or other legal entity which entered into a contract of the type identified in section 351-81 shall:

     (1)  Deposit fifty per cent of the monetary compensation paid under such contract into a collection account established by the commission pursuant to section 351-83 and deposit the other fifty per cent of such monetary compensation in a special account established by the commission pursuant to section 351-84 if a timely appeal from the conviction is filed and the contract provides that monetary compensation is payable to the convicted person; or

     (2)  Deposit all monetary compensation paid under such contract with the commission to a special account established pursuant to section 351-84, if a timely appeal from the conviction is:

         (A)  Filed and the contract provides that the monetary compensation is payable to a person other than the convicted person;

         (B)  Filed, the conviction is affirmed on appeal, and no further appellate action is allowed; or

         (C)  Not filed. [L 1986, c 155, pt of §1; am L 1998, c 240, §5]