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KRS 138.462

Definitions for KRS 138.463 and 138.4631

Applied in 1 court decision — leading case Bob Hook Chevrolet Isuzu, Inc. v. Commonwealth, Transportation Cabinet (1998)

Most recently applied in Bob Hook Chevrolet Isuzu, Inc. v. Commonwealth, Transportation Cabinet (November 1998)

Effective: January 1, 2023 History: Amended 2022 Ky

As used in KRS 138.463 and 138.4631, unless the context requires otherwise:

(1) "Cabinet" means the Transportation Cabinet;

(2) "Rent" and "rental" means a contract, other than a peer-to-peer car sharing program agreement as defined in KRS 281.010 or a car sharing program agreement as defined in KRS 365.520, supported by a consideration, for the use of a motor vehicle for a period of less than three hundred sixty-five (365) days;

(3) "Lease" and "leasing" means a contract, other than a peer-to-peer car sharing program agreement as defined in KRS 281.010 or a car sharing program agreement as defined in KRS 365.520, supported by a consideration, for the use of a motor vehicle for a period of three hundred sixty-five (365) days or more; and (4) "Gross rental charge" means the amount paid by a customer for time and mileage only.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.