Kentucky Statutes 304.7-263 – Venture capital funds or pools
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(1) An insurer may invest in venture capital funds or pools organized to encourage equity capital investment in Kentucky, encourage the establishment and expansion of small business and industry, and encourage the development of new job opportunities in Kentucky.
(2) The Kentucky investment fund established in KRS § 154.20-250 to KRS § 154.20-284 shall be eligible for investment under this section.
(3) An insurer shall not have more than one percent (1%) of its assets invested under this section.
Effective: July 15, 1998
History: Amended 1998 Ky. Acts ch. 414, sec. 18, effective July 15, 1998. — Created
1992 Ky. Acts ch. 416, sec. 14, effective July 14, 1992.
(2) The Kentucky investment fund established in KRS § 154.20-250 to KRS § 154.20-284 shall be eligible for investment under this section.
Terms Used In Kentucky Statutes 304.7-263
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(3) An insurer shall not have more than one percent (1%) of its assets invested under this section.
Effective: July 15, 1998
History: Amended 1998 Ky. Acts ch. 414, sec. 18, effective July 15, 1998. — Created
1992 Ky. Acts ch. 416, sec. 14, effective July 14, 1992.