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.
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