KRS 367.397: Cancellation of club membership.

(1) Any person who has elected to become a member of a club may cancel such

membership by giving written notice any time before midnight of the third business

day following the date on which the person signs a contract containing the notice of

"Members' Right to Cancel" required by KRS 367.399. Such cancellation shall be

without liability on the part of the member and shall entitle the member to a refund

of the entire consideration paid for the contract.

(2) Notice of cancellation shall be in writing and delive red personally or by mail. If

given by mail, the notice is effective upon deposit in a mailbox, properly addressed

and postage paid. Notice of cancellation need not take a particular form and is

sufficient if it indicates, by any form of written expression , the intention of the

member not to be bound by the contract. If delivered personally, the notice is to be

accepted by any agent or employee of the club, and a receipt for the notice shall be

given by that agent or employee to the person canceling.

(3) The entitled refund shall be delivered to the member within ten (10) days after

notice of cancellation is given.

(4) Rights of cancellation may not be waived or otherwise surrendered.

(5) Cancellation shall not relieve the member from paying for any vacation or

merchandise actually used by the consumer prior to the date of cancellation.