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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 292.545.Interest charges by broker or dealer

Current as of January 01, 2025 | Updated by Findlaw Staff

Interest charged by a broker or dealer registered under the Securities Exchange Act of 1934  1, as amended, or registered under KRS 292.330, as now or hereafter amended, on a debit balance in an account for a customer, shall be exempt from the provisions of KRS Chapter 360 if such debit balance is payable at will without penalty and is secured by securities as defined in Uniform Commercial Code--Article 8. Investment Securities.

1 15 U.S.C.A. § 77b to 77s, 78a to 78hh.
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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 292.545.Interest charges by broker or dealer - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-292-545/

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