{"data":{"id":"us-ky/krs-14a.9-010","jurisdiction":"us-ky","citation":"KRS 14A.9-010","heading":"Authority to transact business required -- Certificate of authority","body":"required for award of state contract -- Exception for foreign insurer.\n(1) A foreign entity shall not transact business in this Commonwealth until it obtains a\ncertificate of authority from the Secretary of State.\n(2) The following activities, among others, shall not constitute transacting business\nwithin the meaning of subsection (1) of this section:\n(a) Maintaining, defending, or settling any proceeding;\n(b) Holding meetings of t he board of directors, shareholders, partners, members,\nmanagers, beneficial owners, or trustees or carrying on other activities\nconcerning the internal affairs of the foreign entity;\n(c) Maintaining bank accounts;\n(d) Maintaining offices or agencies for t he transfer, exchange, and registration of\nthe foreign entity's own securities or maintaining trustees or depositaries with\nrespect to those securities;\n(e) Selling through independent contractors;\n(f) Soliciting or obtaining orders, whether by mail or thr ough employees, agents,\nor otherwise, if the orders require acceptance outside this state before they\nbecome contracts;\n(g) Creating or acquiring indebtedness, mortgages, and security interests in real,\npersonal, or intangible property;\n(h) Securing or col lecting debts or enforcing mortgages and security interests in\nproperty securing the debts;\n(i) Owning, without more, real or personal property;\n(j) Conducting an isolated transaction that is completed within thirty (30) days\nand that is not one (1) in the  course of repeated transactions of a like nature;\nand\n(k) Transacting business in interstate commerce.\n(3) The list of activities in subsection (2) of this section is not exhaustive.\n(4) Except as provided in subsection (6) of this section, this section shall not apply to\nforeign general partnerships. Whether a foreign limited liability partnership is\ntransacting business in this Commonwealth shall be determined under subsection\n(2) of this section. A foreign limited liability partnership that is transacting business\nin this Commonwealth shall file a statement of foreign qualification pursuant to\nKRS 362.1-951.\n(5) This section shall not apply in determining the contacts or activities that may\nsubject a foreign entity to service of process or taxation in this Commonwealth or to\nregulation under any other law of this Commonwealth.\n(6) Notwithstanding any other law to the contrary, a foreign entity, in order to be\neligible for award of a state  contract under KRS Chapter 45A or 176, shall have a\ncertificate of authority or a statement of foreign qualification.\n(7) A foreign insurer with a certificate of authority from the commissioner of the\nDepartment of Insurance is not subject to subsection (1) or (6) of this section.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=44318","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:48:32Z","sha256":"cf0bab2977294a41d2d10597208af600b45a4dd1d8013227d1a0536cbda8d751","source_id":"us-ky","stale":false,"prev":"us-ky/krs-14a.8-010","next":"us-ky/krs-14a.9-020"},"notice":"GroundRules: Original legal text. Not legal advice."}