KRS 138.320: Procurement of dealer's or transporter's license -- Grounds for refusal --

Nonassignability -- Records -- Suspension or revocation.

(1) To procure the license required by KRS 138.310, every dealer or transporter so

required shall file with the Department o f Revenue an application in such form and

containing such information as the department may deem necessary.

(2) If the dealer or transporter is a corporation organized under the laws of another

state, it shall file with its application a certified copy of the certificate or license

issued by the Secretary of State of this state showing that the corporation is

authorized to transact business in this state.

(3) At the time of filing application for a license, a financial instrument in the amount

provided for in KRS 138.330 shall be filed with the department. No license shall be

issued upon any application unless accompanied by this financial instrument.

(4) If application for such a license is filed by any person whose license has at any time

previously been canceled for cause by the department, or if the department is of the

opinion that the application is not filed in good faith, or that the application is filed

by some person as a subterfuge for the real person in interest whose license or

registration has p reviously been canceled for cause by the department, the

department may, after a hearing of which the applicant has been given five (5) days'

notice in writing, and in which the applicant shall have the right to appear in person

or by counsel and present testimony, refuse to issue a license to that person.

(5) The application in proper form having been accepted for filing, and the financial

instrument having been accepted and approved, the department shall issue to the

applicant a license, subject to cancellation as provided by KRS 138.340. The license

shall not be assignable, and shall be valid only for the person in whose name it is

issued, and shall be displayed conspicuously in the principal place of business of the

dealer in this state.

(6) The department shall keep and file all applications and financial instruments, with

an alphabetical index thereof, together with a record of all licensed dealers or

transporters. The department shall publish and keep currently up to date a list of

licensed dealers and transporters, and transmit a copy of list and all revisions

thereof to all licensed dealers and transporters.

(7) All licenses shall be valid and remain in full force and effect until suspended or

revoked for cause or otherwise canceled.