2012 Kentucky Revised Statutes CHAPTER 279 RURAL ELECTRIC AND RURAL TELEPHONE COOPERATIVE CORPORATIONS 279.220 Foreign cooperatives may extend lines into this state -- Conditions -- Limitation.
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279.220 Foreign cooperatives may extend lines into this state -- Conditions -Limitation.
(1)
(2)
(3)
(4)
Any rural electric cooperative corporation organized under a law of any state
contiguous to this state, which law is substantially similar to the law under which
such corporations may be organized in this state, may extend its operations into this
state for a distance not exceeding three (3) miles from the boundary between that
state and this state, and such extension shall not be considered doing business in
this state within the meaning of the statutes regulating or taxing foreign
corporations doing business in this state. Such corporation shall be entitled to the
same exemptions granted to, and shall pay the same tax required of, domestic
corporations under KRS 279.200.
The operations of such corporation within this state shall be subject to the
supervision of the Public Service Commission, and the commission may take the
necessary action to require the corporation to furnish adequate service at reasonable
rates. If the corporation fails to comply with the regulations and requirements of the
commission it shall forfeit the privilege granted by this section.
The privilege granted by this section shall be effective for a period of five (5) years
from June 12, 1940, at which date it shall expire, unless the contiguous state grants
a similar privilege to rural electric cooperative corporations incorporated in this
state, in which case it shall continue so long as the contiguous state continues to
grant the same privilege.
A rural electric cooperative corporation organized under a law of any state other
than Kentucky not satisfying the exemptions set forth in subsections (1), (2) and (3)
of this section is subject to KRS 14A.9-010.
Effective: January 1, 2011
History: Amended 2010 Ky. Acts ch. 151, sec. 83, effective January 1, 2011. -Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat.
secs. 3952a-1, 3952a-2, 3952a-3.
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