39-11-404 - Corporate liability.

39-11-404. Corporate liability.

(a)  A corporation commits an offense when:

     (1)  The conduct constituting the offense consists of an intentional failure to discharge a specific duty imposed upon corporations by criminal law;

     (2)  The conduct constituting the offense is engaged in, authorized, commanded or knowingly tolerated by the board of directors or by a high managerial agent acting within the scope of the agent's employment on behalf of the corporation; or

     (3)  The conduct constituting the offense is engaged in by an agent of the corporation acting within the scope of the agent's employment and on behalf of the corporation, and:

          (A)  The offense is a misdemeanor; or

          (B)  The offense is one defined by statute which indicates a legislative intent to impose criminal liability on a corporation.

(b)  The following definitions apply in this part, unless the context requires otherwise:

     (1)  “Agent” means any officer, director, servant or employee of the corporation or any other person authorized to act on behalf of the corporation; and

     (2)  “High managerial agent” means an officer of a corporation or any other agent of a corporation who has duties or such responsibility that the agent's conduct reasonably may be inferred to represent the policy of the corporation.

[Acts 1989, ch. 591, § 1.]