{"data":{"id":"us-ky/krs-304.26-060","jurisdiction":"us-ky","citation":"KRS 304.26-060","heading":"Investment accounts and transactions.","body":"(1) The provisions of KRS 304.26 -040 do not apply to any purchase and sale, or sale\nand purchase, and the provisions of subsection (1) of KRS 304.26 -050 do not apply\nto any sale, of an equity security of a domestic stock insurer not then or theretofore\nheld by him or her in an investment account, by a dealer in the ordinary course of\nhis or her business and incident to the establishment or maintenance by him or her\nof a primary or secondary market (otherwise than on an exchange as defined in the\nSecurities Exchange Act of 1934) for such security.\n(2) The commissioner may, by such rules and regulations as he or she deems necessary\nor appropriate in the public interest, define and prescribe terms and conditions with\nrespect to securities held in an investment acco unt and transactions made in the\nordinary course of business and incident to the establishment or maintenance of a\nprimary or secondary market.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29605","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:51Z","sha256":"3be5787f73a5be35b5275a1a9d2e17a610517785e7d73df671de2ae06e936d31","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.26-050","next":"us-ky/krs-304.26-070"},"notice":"GroundRules: Original legal text. Not legal advice."}