KRS 367.905: Registration of health spa -- Annual registration statement and fee --

Surety bond -- Separate locations.

(1) Any person, corporation, partnership, association, or group intending to open or

operate a health spa within the Commonwealth, shall:

(a) File a registration statement, accompanied by a one hundred dollar ($100)

initial registration fee, with the Attorney General's Office of Consumer

Protection prior to the sale of any memberships in the Commonwealth of

Kentucky. Such a registration statement shall contain the name and address of

the health spa; the names and addresses of the officers, directors, and

stockholders of the health spa and its parent corporation, if such an entity

exists; the type of available facilities; approximate size of the health spa

measured in square feet; whether or not a shower area is provided; the names

and addresses of employees and their respective qualifications for

employment in the health spa field; type of membership plans to be offered

and their cost; and a full and complete disclosure of any completed or pending

litigation initiated against the health spa and any of its officers or directors

within the last three (3) years.

(b) Prior to the sale of any memberships in the Commonwealth of Kentucky,

provide the At torney General's Office of Consumer Protection with a surety

bond meeting the requirements of KRS 367.906.

(2) A new registration statement, accompanied by an annual registration fee of fifty

dollars ($50), shall be filed with the Attorney General's Office of Consumer

Protection on or before July 1 of each year following the opening of the health spa.

(3) Each health spa selling contracts on a prepayment basis shall deposit all funds

received from such contracts in an escrow account until the health spa has remained

open for a period of thirty (30) days. At the end of this thirty (30) day period, such

prepayment funds shall be eligible for withdrawal at the depositor's discretion.

(4) Each health spa registering pursuant to this statute shall maintain in the files of the

health spa, a copy of its registration statement filed pursuant to this section. This

registration statement shall be made available for inspection by current health spa

members or prospective purchasers of health spa memberships.

(5) The registration fees required by this section shall be credited to a trust or agency

account for the administrative purposes of the Attorney General's Office of

Consumer Protection, as set forth in KRS 367.900 to 367.930.

(6) Each separate location where health spa services are offered shall be considered a

separate health spa and shall file a separate registration statement and surety bond,

even though the separate locations are owned or operated by the same owner.