136.012 "Production credit association" defined

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KY Code › Title XI › Chapter 136 › Section 136.012

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

136.012 "Production credit association" defined.

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.

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