{"data":{"id":"us-ky/krs-304.37-575","jurisdiction":"us-ky","citation":"KRS 304.37-575","heading":"Prohibited practices.","body":"The following practices are prohibited:\n(1) Borrowing funds from the mutual insurance holding company, or its subsidiaries\nand affiliates, to finance the purchase of any portion of a stock offering;\n(2) Payment of commissions, \"special fees,\" and any other special payment or\nextraordinary compensation to officers, directors, interested persons, and affiliates,\nfor arranging, promoting, aiding, or assisting in reorganization to a mutual\ninsurance holding company, or for arranging, promoting, aiding, assisting, or\nparticipating in the structuring and placement of a stock offering; and\n(3) Entering into an understanding or agreement transferring legal or beneficial\nownership of stock to another person in avoidance of these rules.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29960","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:56Z","sha256":"1ec14ffc8fa732224a479ff71c1e90f8214c7b15947cc85b792966eba58ffc31","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.37-570","next":"us-ky/krs-304.37-580"},"notice":"GroundRules: Original legal text. Not legal advice."}