261.235 Licensure of market agencies.

134 words·~1 min read·/ky/chapter-261/261-235

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

(1)No person shall engage in the business of being a market agency without having

first obtained a license from the department. Application for a license shall be made

on a form provided by the department and accompanied by a fee of ten dollars

($10), payable to the Kentucky State Treasurer. The license shall expire on

December 31 and shall be renewed annually.

(2)The terms and conditions for the licensure of market agencies shall be established

by administrative regulation promulgated by the department.

(3)If the department determines that a person is required to be licensed both as a dealer

and a market agency, then that person shall be required to pay for only one

license, but shall be required to obtain both licenses and comply with the

requirements of both licenses.