{"data":{"id":"us-ky/krs-286.13-135","jurisdiction":"us-ky","citation":"KRS 286.13-135","heading":"Emergency order.  (Effective April 30, 2027)","body":"(1) As used in this section:\n(a) \"Emergency order\" means an order that does one (1) or more the following\nwithout prior notice and hearing:\n1. Suspends or conditions:\na. Any license; or\nb. An approval to engage in virtual currency kiosk business at a\nlocation, or through an agent, in this state; or\n2. Directs any peace officer to:\na. Seize or impound a virtual currency kiosk, including any contents\nthereof; or\nb. Render a virtual currency kiosk inoperable; and\n(b) \"Person\" means any licensee, virtual currency kiosk operator, agent, or other\nperson.\n(2) Subject to KRS 286.13 -125, the commissioner may issue an emergency order\nagainst any person, pending further investigation, the entry of a final order, or other\nfinal legal action, if the commissioner has reason to believe or determines one (1) or\nmore of the following:\n(a) The person is acting in violation of KRS 286.13-025;\n(b) The licensee is not in compliance with KRS 286.13-050;\n(c) The person has committed a mate rial violation of this subtitle that poses an\nimmediate and irreparable harm to the public health, safety, or welfare;\n(d) Subject to KRS 335B.020, the licensee or agent has been convicted of, pled\nguilty to, or pled nolo contendere, or the licensee is kno wingly employing or\ncontracting with a responsible individual that has been convicted of, pled\nguilty to, or pled nolo contendere, to a:\n1. Felony involving theft, fraud, or breach of trust; or\n2. A crime under the USA PATRIOT Act of 2001, Pub. L. No. 107-56;\n(e) The licensee has had any license, registration, claim of exemption, or other\nauthorization to do business relating to money transmission or virtual\ncurrency kiosk business denied, revoked, suspended, or terminated by any\nstate, federal, or foreign jurisdiction;\n(f) The licensee, agent, the licensee's responsible individual, or any key\nshareholder, executive officer, director, or other person in control of the\nlicensee or agent is listed or becomes listed on the specially designated\nnationals and blo cked persons list prepared by the United States Department\nof the Treasury or United States Department of State under Presidential\nExecutive Order No. 13224 as a potential threat to commit terrorist acts or to\nfinance terrorist acts; or\n(g) The licensee or agent is insolvent or otherwise satisfies one (1) of the grounds\nlisted in KRS 286.13-130(2)(b).\n(3) An emergency order issued under this section shall:\n(a) Pursuant to KRS 13B.125, become effective when served by the\ncommissioner; and\n(b) Remain in effect until it is:\n1. Stayed, withdrawn, suspended, or superseded by order of the\ncommissioner; or\n2. Terminated by court order.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=58302","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:16Z","sha256":"907f3fbec3e2ba007194e5139ef012f905415445080afb3fd4f05bee2530b40f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.13-130","next":"us-ky/krs-286.13-140"},"notice":"GroundRules: Original legal text. Not legal advice."}