Kentucky Statutes 434.870 – Definitions for KRS 434.870 to 434.876
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As used in KRS § 434.870 to KRS § 434.876, unless the context otherwise requires:
(1) “Financial information” includes but is not limited to any of the following information identifiable to the individual that concerns the amount and conditions of an individual’s assets, liabilities, or credit:
(a) Account numbers and balances;
(b) Transactional information concerning any account;
(c) Codes, passwords, Social Security numbers, tax identification numbers, and driver’s license numbers; and
(d) Information held for the purpose of credit or loan acquisition, account access, or transaction initiation;
(2) “Financial information repository” means any person engaged in the business of providing services to customers who have a credit, deposit, trust, stock, or other financial account or relationship with the person; and
(3) “Person” means an individual, sole proprietorship, partnership, corporation, limited liability company, association, or any entity however organized and whether or not organized to operate for profit.
Effective: July 12, 2006
History: Amended 2006 Ky. Acts ch. 42, sec. 7, effective July 12, 2006. — Created
2002 Ky. Acts ch. 175, sec. 4, effective July 15, 2002.
(1) “Financial information” includes but is not limited to any of the following information identifiable to the individual that concerns the amount and conditions of an individual’s assets, liabilities, or credit:
Terms Used In Kentucky Statutes 434.870
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(a) Account numbers and balances;
(b) Transactional information concerning any account;
(c) Codes, passwords, Social Security numbers, tax identification numbers, and driver’s license numbers; and
(d) Information held for the purpose of credit or loan acquisition, account access, or transaction initiation;
(2) “Financial information repository” means any person engaged in the business of providing services to customers who have a credit, deposit, trust, stock, or other financial account or relationship with the person; and
(3) “Person” means an individual, sole proprietorship, partnership, corporation, limited liability company, association, or any entity however organized and whether or not organized to operate for profit.
Effective: July 12, 2006
History: Amended 2006 Ky. Acts ch. 42, sec. 7, effective July 12, 2006. — Created
2002 Ky. Acts ch. 175, sec. 4, effective July 15, 2002.