CHAPTER 155. BUSINESS DEVELOPMENT CORPORATIONS


001. Title.
010. Definitions.
020. Incorporation -- Name -- Purposes.
030. Powers of corporation.
040. Contents of articles of incorporation.
050. Approval of Governor -- Effective date of incorporation.
060. First meeting.
070. Powers and limitations of other corporate bodies in relation to corporation.
080. Membership -- Duty of members -- Loan limit formula.
090. Distribution among members of loan call -- Interest rate.
100. Duration of membership -- Withdrawal.
110. Powers of members and stockholders -- Voting.
120. Amendment of articles of incorporation.
130. Board of directors -- Functions -- Composition -- Freedom from liability.
140. Required earned surplus.
150. Restrictions on deposits.
160. Regulation by state officials.
170. Certification of tax credits.
180. Duration of corporation.
190. Effect of failure of any corporation to organize, or of organized corporation to begin doing business.
200. Credit of Commonwealth is not pledged.
210. Specified late charges for default of loan and litigation charges treated as liquidated damages.
220. Interest on judgment for collection or repayment of defaulted loan.
230. Reasonable attorneys' fees, provision for.
400. Repealed, reenacted, and amended as KRS 154.20-300, effective July 14, 1992. [Repealed, reenacted, and amended]
410. Repealed, reenacted, and amended as KRS 154.20-305, effective July 14, 1992. [Repealed, reenacted, and amended]
420. Repealed, reenacted, and amended as KRS 154.20-310, effective July 14, 1992. [Repealed, reenacted, and amended]
430. Repealed, reenacted, and amended as KRS 154.20-320, effective July 14, 1992. [Repealed, reenacted, and amended]
440. Repealed, reenacted, and amended as KRS 154.20-340, effective July 14, 1992. [Repealed, reenacted, and amended]
450. Repealed, reenacted, and amended as KRS 154.20-350, effective July 14, 1992. [Repealed, reenacted, and amended]
460. Repealed, reenacted, and amended as KRS 154.20-360, effective July 14, 1992. [Repealed, reenacted, and amended]
470. Repealed, reenacted, and amended as KRS 154.20-370, effective July 14, 1992. [Repealed, reenacted, and amended]
480. Repealed, reenacted, and amended as KRS 154.20-380, effective July 14, 1992. [Repealed, reenacted, and amended]
490. Repealed, reenacted, and amended as KRS 154.20-390, effective July 14, 1992. [Repealed, reenacted, and amended]