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Kentucky · Snapshot 09/05/2026

KRS 131.620: Proof of qualified escrow fund.

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Where this section sits in the code
  1. KRS Chapter 131

(1) The Attorney General may, at any time, require from the nonparticipating

manufacturer proof from the financial institution in which the manufacturer has

established a qualified escrow fund, for the purpose of compliance with KRS

131.600 and 131.602, of the amount of money in the fund, exclusive of interest, the

amount and date of each deposit to the fund, and the amount and date of each

withdrawal from the fund.

(2) To promote compliance with the provisions of KRS 131.602, the Attorney General

may promulgate regulations requiring a nonparticipating manufacturer subject to the

requirements of KRS 131.602 to make the escrow deposits required in quarterly

installments during the year in which the sales covered by such deposits are made.

The Attorney General may require production of information sufficient to enable

the Attorney General to determine the adequacy of the amount of the installment

deposit.

Collected 2026-09-05T20:50:22Z. Source file · JSON

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