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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.4-480.Duration of license; payment of annual fee; expiration; reinstatement

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Each license shall remain in full force and effect until it is surrendered by the licensee, suspended, revoked, or expired as provided in this subtitle. Each licensee shall, on or before each December 31, pay to the commissioner the annual license fee for the next succeeding calendar year.

(2) Failure of a licensee to pay the annual license fee required by this section shall result in the expiration of the licensee's license on January 1 of the following year.

(3) The commissioner may reinstate an expired license if, within thirty-one (31) days of expiration, the licensee:

(a) Satisfies all requirements set forth in this subtitle; and

(b) Pays a one hundred dollar ($100) late fee.

(4) Any reinstatement under subsection (3) of this section shall be retroactive to January 1 of the calendar year in which it expired.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.4-480.Duration of license; payment of annual fee; expiration; reinstatement - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-286-4-480/

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