Ky. Rev. Stat. Ann. § 154A.100
Whenever a bond is required for the protection of the corporation, letters of credit or other surety as may be approved by the corporation, may be utilized in lieu of a bond.
Effective: December 15, 1988
History: Created 1988 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 12, effective December 15, 1988.