Page 1 of 1 136.570 Penalties -- Limitation on administrative or court proceedings by delinquent financial institutions. (1) Penalties shall be assessed in accordance with KRS 131.180. <br>(2) Any financial institution subject to the annual franchise tax imposed by KRS 136.505 that fails to file a return as required by KRS 136.545 or that fails to pay the <br>tax as listed on the return shall not maintain an action, suit, or proceeding in any <br>court or before any agency in this Commonwealth or enforce in any way any <br>obligation of any debts until the return is filed and the tax listed on the return is <br>paid. Effective: July 15, 1996 <br>History: Created 1996 Ky. Acts ch. 254, sec. 16, effective July 15, 1996.
Page 1 of 1 136.570 Penalties -- Limitation on administrative or court proceedings by delinquent financial institutions. (1) Penalties shall be assessed in accordance with KRS 131.180. <br>(2) Any financial institution subject to the annual franchise tax imposed by KRS 136.505 that fails to file a return as required by KRS 136.545 or that fails to pay the <br>tax as listed on the return shall not maintain an action, suit, or proceeding in any <br>court or before any agency in this Commonwealth or enforce in any way any <br>obligation of any debts until the return is filed and the tax listed on the return is <br>paid. Effective: July 15, 1996 <br>History: Created 1996 Ky. Acts ch. 254, sec. 16, effective July 15, 1996.
Page 1 of 1 136.570 Penalties -- Limitation on administrative or court proceedings by delinquent financial institutions. (1) Penalties shall be assessed in accordance with KRS 131.180. <br>(2) Any financial institution subject to the annual franchise tax imposed by KRS 136.505 that fails to file a return as required by KRS 136.545 or that fails to pay the <br>tax as listed on the return shall not maintain an action, suit, or proceeding in any <br>court or before any agency in this Commonwealth or enforce in any way any <br>obligation of any debts until the return is filed and the tax listed on the return is <br>paid. Effective: July 15, 1996 <br>History: Created 1996 Ky. Acts ch. 254, sec. 16, effective July 15, 1996.
