324.425 Closing existing business of deceased or incapacitated principal broker. In case of death or other incapacity of a principal broker having a licensed sales associate or sales associates affiliated at the time of death or other incapacity, the commission reserves the right in its discretion, based upon the merits of each case, t o permit one (1) of the sales associates to complete and close the then existing business of the deceased or incapacitated broker for a temporary period not to exceed six (6) months. Effective: July 14, 2000 History: Amended 2000 Ky. Acts ch. 488, sec. 33, effective July 14, 2000. -- Created 1982 Ky. Acts ch. 196, sec. 1, effective July 15, 1982.
Kentucky Legal Code