(1) Violation of KRS § 286.6-045 constitutes a misdemeanor punishable by a fine of not more than five hundred dollars ($500), by imprisonment for not more than one (1) year, or both.
(2) The commissioner may petition a court of competent jurisdiction to enjoin a violation of KRS § 286.6-045.

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Terms Used In Kentucky Statutes 286.6-991

  • Commissioner: means the commissioner of financial institutions. See Kentucky Statutes 286.6-005
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Statute: A law passed by a legislature.
  • Year: means calendar year. See Kentucky Statutes 446.010

Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 747, effective July 15, 2010. — Created
1984 Ky. Acts ch. 408, sec. 65, effective July 13, 1984.
Formerly codified as KRS § 290.991.
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.