424.230 Optional monthly or quarterly statements.

140 words·~1 min read·/ky/chapter-424/424-230

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any officer who is subject to the provisions of KRS 424.220 may elect to prepare and publish monthly or quarterly statements, in lieu of the annual statements required by KRS 424.220. All of the provisions of KRS 424.220 shall be applicable to such a monthly or quarterly statement except that

(1)the statement shall cover only the preceding month or quarter, as the case may be, and

(2)the publication shall be made within thirty

(30)days after the end of the month or quarter, as the case may be. Any officer who has elected to proceed under this section shall not be exempted from the requirements of KRS 424.220 for any fiscal year unless he has caused to be prepared and published, in accordance with this section, a proper statement for each month or quarter of the fiscal year.