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Request By:

Mr. John Tichenor
Controller
Jasco Enterprises, Inc.
3001 Crittenden Drive
Louisville, Kentucky 40201

Opinion

Opinion By: Robert F. Stephens, Attorney General; By: Elizabeth E. Blackford, Assistant Attorney General

You have written to request an opinion on the proper filing fee for a continuation statement. You noted that some counties are charging $6.00 and some $8.00.

The correct fee for filing a continuation statement is $6.00. We are including a copy of OAG 78-471 which explains the reason for the $8.00 fee for filing an original financing statement. Pursuant to KRS 355.9-402(5), a continuation statement is not included in the definition of a financing statement. Therefore, a continuation statement is not subject to the $1.00 tax imposed by KRS 142.010(1)(b) on original financing statements involving more than $200. Furthermore, the $1.00 for filing and noting a statement of release has already been paid and is not to be included in calculating the fee for filing a continuation statement. Therefore, the correct filing fee is the $6.00 set forth in KRS 64.012.

Disclaimer:
The Sunshine Law Library is not exhaustive and may contain errors from source documents or the import process. Nothing on this website should be taken as legal advice. It is always best to consult with primary sources and appropriate counsel before taking any action.
Type:
Opinion
Lexis Citation:
1979 Ky. AG LEXIS 499
Cites (Untracked):
  • OAG 78-471
Forward Citations:
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