18A.235 System established -- Corporate powers. The Kentucky Public Employees Deferred Compensation System is established pursuant to the provisions of KRS 18A.230 to 18A.275, and shall transact all of its business and shall have the powers and privileges of a corporation. Effective: July 15, 1982 History: Repealed, reenacted, and amended as KRS 18A.235, 1982 Ky. Acts ch. 448, sec. 47, effective July 15, 1982. -- Created 1974 Ky. Acts ch. 143, sec. 3. Formerly codified as KRS 18.520.