Whenever a bond is required for the protection of the corporation, letters of credit or other surety as may be approved by the corporation, may be utilized in lieu of a bond.
Effective: December 15, 1988

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Terms Used In Kentucky Statutes 154A.100

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: means the Kentucky Lottery Corporation. See Kentucky Statutes 154A.010

History: Created 1988 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 12, effective December 15,
1988.