Statutes > Kentucky Statutes > CHAPTER 136 CORPORATION AND UTILITY TAXES > 136.012 "Production credit association" defined.

136.012 "Production credit association" defined.

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136.012 &quot;Production credit association&quot; defined. As used in this chapter and in KRS 141.040 and unless a different meaning appears from <br>the context, the term &quot;production credit association&quot; means a corporation organized and <br>chartered pursuant to the provisions of section 20 of that Act of Congress known as the <br>&quot;Farm Credit Act of 1933,&quot; (Act June 16, 1933, ch. 98, sec. 20, 48 Stat. 259), as <br>amended, engaged in business in the state of Kentucky, and not exempt by virtue of the <br>laws of the United States from taxation by the state of Kentucky. History: Created 1970 Ky. Acts ch. 14, sec. 1.