As used in this chapter and in KRS 141.040 and unless a different meaning appears from the context, the term "production credit association" means a corporation organized and chartered pursuant to the provisions of section 20 of that Act of Congress known as the "Farm Credit Act of 1933," (Act June 16, 1933, ch. 98, sec. 20, 48 Stat. 259), as amended, engaged in business in the state of Kentucky, and not exempt by virtue of the laws of the United States from taxation by the state of Kentucky.
‹ Prev All Kentucky sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.