Kentucky Statutes 304.30-040 – Action by commissioner on application
Current as of: 2024 | Check for updates
|
Other versions
(1) Upon the filing of an application and the payment of the license fee, the commissioner shall make an investigation of each applicant and shall issue a license if the applicant is qualified in accordance with this subtitle. If the commissioner does not so find, he or she shall, within sixty (60) days after he or she has received the application, at the request of the applicant, give the applicant an administrative hearing. Hearings under this subtitle shall be conducted in accordance with KRS Chapter 13B.
(2) The commissioner shall issue or renew a license as may be applied for when he or she is satisfied that the person to be licensed:
(a) Is competent and trustworthy and intends to act in good faith in the capacity involved by the license applied for;
(b) Has a good business reputation and has had experience, training, or education so as to be qualified in the business for which the license is applied for; and
(c) If a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1409, effective July 15, 2010. — Amended 1998 Ky. Acts ch. 483, sec. 26, effective July 15, 1998. — Amended 1996
Ky. Acts ch. 318, sec. 240, effective July 15, 1996. — Created 1970 Ky. Acts ch. 301, subtit. 30, sec. 4, effective June 18, 1970.
(2) The commissioner shall issue or renew a license as may be applied for when he or she is satisfied that the person to be licensed:
Terms Used In Kentucky Statutes 304.30-040
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(a) Is competent and trustworthy and intends to act in good faith in the capacity involved by the license applied for;
(b) Has a good business reputation and has had experience, training, or education so as to be qualified in the business for which the license is applied for; and
(c) If a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1409, effective July 15, 2010. — Amended 1998 Ky. Acts ch. 483, sec. 26, effective July 15, 1998. — Amended 1996
Ky. Acts ch. 318, sec. 240, effective July 15, 1996. — Created 1970 Ky. Acts ch. 301, subtit. 30, sec. 4, effective June 18, 1970.