Every tobacco warehouse offering tobacco for sale at auction shall be a member of its local tobacco board of trade, and membership in good standing shall be deemed to be a reasonable requirement by such tobacco board of trade as a condition precedent to participating in the business of operating a tobacco warehouse or the purchase of tobacco at auction therein.
History: Created 1968 Ky. Acts ch. 152, sec. 130.
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Terms Used In Kentucky Statutes 248.035

  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Warehouse: means any tobacco warehouse operating as a place of sale for tobacco in this state. See Kentucky Statutes 248.010

History for former KRS § 248.035: — Repealed 1966 Ky. Acts ch. 255, sec. 283. — Created 1962 Ky. Acts ch. 302, sec. 3.

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