808 KAR 12:002. Definitions for 808 KAR Chapter 12.

      RELATES TO: KRS 286.8-010(1), 286.8-020(1)(a)

      STATUTORY AUTHORITY: KRS 286.8-010(1)(a)

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 286.8-140(1) authorizes the executive director to promulgate administrative regulations necessary to accomplish the basic purposes of KRS Chapter 286.8. This administrative regulation establishes definitions for 808 KAR Chapter 12.

                Section 1. Definition. "Control" means the power to vote twenty-five (25) percent or more of any class of voting stock of the company. (30 Ky.R. 1892; eff. 3-18-2004.)