(1) A principal broker shall return an associate's license to the commission immediately: (a) Upon the written termination of the association between the broker and the associate; or (b) At any time upon the commission's request. (2) If a principal broker fails to return a license to the commission as required by subsection (1) of this section within five (5) business days, the commission shall consider the license a s released, and the principal broker shall be in violation of KRS 324.160(4)(u).
‹ Prev All Kentucky sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.