Kentucky Statutes 286.4-460 – License — Contents — Transfer — Place of business — Change — Name on license
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(1) Every license shall state the physical address of the office at which the business is to be conducted, the name of the licensee, any assumed names used by the licensee at that location, and the initial date of licensure.
(2) The license shall not be transferable or assignable without the prior written approval of the commissioner pursuant to KRS § 286.4-465. Not more than one (1) place of business shall be maintained under the same license but the commissioner may issue more than one (1) license to the same licensee upon compliance with all the provisions of this subtitle for each license, except that nothing herein shall be deemed to require a license for any place of business devoted to accounting, recordkeeping, or administrative purposes.
(3) Whenever a licensee desires to change the physical place of business to another location, the licensee shall give written notice to the commissioner at least fifteen (15) days prior to the location change.
(4) No licensee shall transact business for which this subtitle requires a license under a name that is not designated on the license, unless the licensee has given written notice to the commissioner at least thirty (30) days prior to the name change.
Effective: June 27, 2019
History: Amended 2019 Ky. Acts ch. 120, sec. 5, effective June 27, 2019. — Amended
2000 Ky. Acts ch. 157, sec. 3, effective July 14, 2000. — Created 1960 Ky. Acts ch.
204, sec. 6, effective June 16, 1960.
Formerly codified as KRS § 288.460.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.
(2) The license shall not be transferable or assignable without the prior written approval of the commissioner pursuant to KRS § 286.4-465. Not more than one (1) place of business shall be maintained under the same license but the commissioner may issue more than one (1) license to the same licensee upon compliance with all the provisions of this subtitle for each license, except that nothing herein shall be deemed to require a license for any place of business devoted to accounting, recordkeeping, or administrative purposes.
Terms Used In Kentucky Statutes 286.4-460
- Commissioner: means the commissioner of the Department of Financial
Institutions. See Kentucky Statutes 286.1-010 - Licensee: means a person licensed under this subtitle. See Kentucky Statutes 286.4-410
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
(3) Whenever a licensee desires to change the physical place of business to another location, the licensee shall give written notice to the commissioner at least fifteen (15) days prior to the location change.
(4) No licensee shall transact business for which this subtitle requires a license under a name that is not designated on the license, unless the licensee has given written notice to the commissioner at least thirty (30) days prior to the name change.
Effective: June 27, 2019
History: Amended 2019 Ky. Acts ch. 120, sec. 5, effective June 27, 2019. — Amended
2000 Ky. Acts ch. 157, sec. 3, effective July 14, 2000. — Created 1960 Ky. Acts ch.
204, sec. 6, effective June 16, 1960.
Formerly codified as KRS § 288.460.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.