No person shall pledge or grant a security interest in any license. This type of pledge or security interest and any contract providing for the pledge or security interest shall be void. Effective:June 29, 2017
KRS 243.660
Pledging or granting of security interest in any licenses prohibited
Applied in 1 court decision — leading case Ladt v. Arnold (1979)
Most recently applied in Ladt v. Arnold (May 1979)
History: Amended 2017 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.