A lease or any interest therein entered into pursuant to KRS § 65.940 to KRS § 65.956 shall be a legal and authorized investment for banks, savings banks, trust companies, building and loan associations, savings and loan associations, insurance companies, fiduciaries, and trustees.
Effective: July 13, 1990

Terms Used In Kentucky Statutes 65.950

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

History: Created 1990 Ky. Acts ch. 81, sec. 6, effective July 13, 1990.

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