2013 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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