Kentucky Statutes 286.4-640 – Effect of future amendment of this subtitle
Current as of: 2024 | Check for updates
|
Other versions
This subtitle or any part thereof may be modified, amended or repealed so as to effect the cancellation or authorization of any license or right of a licensee hereunder, provided that such modification, amendment or repeal shall not impair or affect the obligation of any pre-existing lawful contract between any licensee and any borrower.
Effective: June 16, 1960
History: Created 1960 Ky. Acts ch. 204, sec. 24, effective June 16, 1960.
Formerly codified as KRS § 288.640.
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.
Effective: June 16, 1960
Terms Used In Kentucky Statutes 286.4-640
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Licensee: means a person licensed under this subtitle. See Kentucky Statutes 286.4-410
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Statute: A law passed by a legislature.
History: Created 1960 Ky. Acts ch. 204, sec. 24, effective June 16, 1960.
Formerly codified as KRS § 288.640.
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.