KRS 14A.9-050: Effect of certificate of authority.

(1) A certificate of authority shall authorize the foreign entity to which it is issued the

authority to transact business in this Commonwealth subject, however, to the right

of the Commonwealth to revoke the certificate as provided in this chapter.

(2) A fore ign entity with a valid certificate of authority shall have the same but no

greater rights and shall have the same but no greater privileges as, and except as

otherwise provided by this chapter shall be subject to the same duties, restrictions,

penalties, and liabilities now or later imposed on, a domestic entity of like character.

(3) This chapter shall not authorize this Commonwealth to regulate the organization or

internal affairs, including the inspection of books, records, and documents, of a

foreign entity transacting business in this Commonwealth.

(4) Nothing in this section shall be interpreted or construed to limit the capacity and

authority of a professional regulatory board to regulate the terms and manner by

which professional services are render ed in the Commonwealth of Kentucky

through or on behalf of a foreign entity.