Each licensee under this subtitle shall at all times have a net worth of not less than five hundred thousand dollars ($500,000), calculated in accordance with generally accepted accounting principles.
KRS 286.11-011
Minimum net worth of licensee
Known as the Kentucky Money Transmitters Act
The act spans §§ 286.11-001 to 286.11-067 (35 sections).
Effective: April 24, 2006 History: Created 2006 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.