No foreign financial institution solely by reason of engaging in any one (1) or more of the activities set forth in KRS 286.2-670 shall be required to qualify to do business in this Commonwealth. Notwithstanding the foregoing, a financial institution, as defined in KRS 136.500, is subject to taxation within this Commonwealth if it meets the nexus requirement of KRS 136.520.
KRS 286.2-680
Amended 2009, Ky. Acts ch. 104, sec. 25, effective6/25/2009. -- Amended 1996, Ky. Acts ch. 254, sec. 37, effective 7/15/1996. -- Created 1970 Ky. Acts ch. 228, sec. 2, effective 6/18/1970.