2006 Kentucky Revised Statutes - .580   Certification of foreign corporations.

286.7-580 Certification of foreign corporations. No foreign corporation may conduct an industrial loan business in this state without applying for and receiving a certificate from the executive director authorizing such business in this state. The issuance or denial of such certificate or certificates shall be governed by reasonable rules and regulations of the office designed to assure that no foreign corporation shall be permitted to transact an industrial loan business in this state upon more favorable terms and conditions than would be permitted a domestic corporation. History: Created 1962 Ky. Acts ch. 166, sec. 13. Formerly codified as KRS 291.580. 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. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.