2009 Kentucky Revised Statutes Subtitle 11. Money Transmitters 286.11.065 Licenses issued under provisions of former KRS Chapter 366 to remain in force.
286.11-065 Licenses issued under provisions of former KRS Chapter 366 to remain
in force.
A license issued under the provisions of KRS Chapter 366 that is in effect immediately <br>prior to April 24, 2006, shall remain in force as a license under this subtitle until midnight <br>on September 30, 2006, and the licensee shall be governed by the provisions of this <br>subtitle with the exception that such licensees shall be given until midnight on September <br>30, 2006, to be in compliance with this subtitle. Such licensees must file an application <br>for a renewal license pursuant to this subtitle within three (3) months after April 24, 2006. <br>Upon compliance with the provisions of this subtitle, applicants shall be issued a money <br>transmitter license effective October 1, 2006, through September 30, 2007.
Effective: April 24, 2006 <br>History: Created 2006 Ky. Acts ch. 247, sec. 33, effective April 24, 2006. <br>Legislative Research Commission Note (7/12/2006). This section was created in 2006
Ky. Acts ch. 247 as a new section of KRS Chapter 366A. Sec. 38 of that same bill <br>also required that all sections of KRS Chapters 287, 288, 290, 291, 294, 366, 366A, <br>and 368 be renumbered as sections of a single KRS chapter entitled the "Kentucky <br>Financial Services Code." Therefore, the Statute Reviser, acting under KRS 7.136(1), <br>has codified this section as a new section of KRS Chapter 286.
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