There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 7. Investments
304.7.280 Conversion and incidental rights.
Download pdfotherwise authorized under this subtitle, because the investment is convertible into other
securities in which the insurer is not permitted to invest under this subtitle, or because the
insurer receives in connection with such investment stock warrants, whether or not
detachable, stock options, stock, property interests or other assets of any kind. Anything
so received by the insurer and in which the insurer is otherwise not authorized to invest,
shall be carried on its books at no value. Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 7, sec. 28, effective June 18, 1970.
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