Kentucky Statutes 286.2-680 – Foreign financial institutions, when not required to qualify as doing business — Nexus requirement
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No foreign financial institution solely by reason of engaging in any one (1) or more of the activities set forth in KRS § 286.2-670 shall be required to qualify to do business in this Commonwealth. Notwithstanding the foregoing, a financial institution, as defined in KRS
136.500, is subject to taxation within this Commonwealth if it meets the nexus requirement of KRS § 136.520.
Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 104, sec. 25, effective June 25, 2009. — Amended
1996 Ky. Acts ch. 254, sec. 37, effective July 15, 1996. — Created 1970 Ky. Acts ch.
228, sec. 2, effective June 18, 1970.
Formerly codified as KRS § 287.680.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.
136.500, is subject to taxation within this Commonwealth if it meets the nexus requirement of KRS § 136.520.
Terms Used In Kentucky Statutes 286.2-680
- Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 104, sec. 25, effective June 25, 2009. — Amended
1996 Ky. Acts ch. 254, sec. 37, effective July 15, 1996. — Created 1970 Ky. Acts ch.
228, sec. 2, effective June 18, 1970.
Formerly codified as KRS § 287.680.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.