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14A.2.140 Certificate of authorization. (Effective January 1, 2011)

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Page 1 of 1 14A.2-140 Certificate of authorization. (Effective January 1, 2011) (1) Anyone may apply to the Secretary of State to furnish a certificate of authorization for a foreign entity. (2) A certificate of authorization shall set forth: (a) The foreign entity's real name and, if applicable, its fictitious name as adopted for use in this Commonwealth; (b) That the foreign entity is authorized to transact business in this Commonwealth; (c) That all fees, taxes, and penalties owed to this Commonwealth have been paid, if: <br>1. Payment is reflected in the records of the Secretary of State; and 2. Nonpayment affects the authorization of the foreign entity to transact <br>business in this Commonwealth; (d) That its most recent annual report required by KRS 14A.6-010 or predecessor law has been filed by the Secretary of State; (e) That no certificate of withdrawal or document of similar import under prior law has been filed; and (f) Other facts of record in the office of the Secretary of State that may be requested by the applicant. (3) Subject to any qualification stated in the certificate, a certificate of authorization issued by the Secretary of State may be relied upon as conclusive evidence that the <br>foreign entity is authorized to transact business in this Commonwealth. (4) This section shall not apply to: (a) A foreign partnership; or <br>(b) A foreign rural telephone cooperative or foreign rural electric cooperative not obligated to qualify to transact business by filing an application for a <br>certificate of authority or document of similar import with the Secretary of <br>State. Effective: January 1, 2011 <br>History: Created 2010 Ky. Acts ch. 151, sec. 21, effective January 1, 2011.