{"data":{"id":"us-ky/krs-367.407","jurisdiction":"us-ky","citation":"KRS 367.407","heading":"Exemptions -- Conditions.","body":"Any organization which is not organized for the profit of any person or corporation may\nfile an application with the office of Attorney General to seek exemption from the\nprovisions of KRS 367.397 to 367.403.  The Attorney General shall grant an exemption\nto any applicant organization which:\n(1) Is chartered or operated on a cooperative not -for-profit basis primarily for the\nbenefit of its members who are the ultimate consumers of such goods, services, or\nfacilities produced or furnished by the organization;\n(2) Makes such goods, services or facilities available to its members on a not -for-profit\nbasis;\n(3) Allocates or distributes its net savings to all its members or patrons or retains net\nsavings for the expansion of its services or for the reduction of c harges to its\npatrons; and\n(4) Restricts its voting control to members on a one (1) vote per person basis.","path":["KRS Chapter 367"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34957","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:03Z","sha256":"2744e09951380d4e3b3f1811f917957ef0277666e12636b8198c2b41ea7690fc","source_id":"us-ky","stale":false,"prev":"us-ky/krs-367.405","next":"us-ky/krs-367.4081"},"notice":"GroundRules: Original legal text. Not legal advice."}