This subtitle or any part thereof may be modified, amended or repealed so as to effect the cancellation or authorization of any license or right of a licensee hereunder, provided that such modification, amendment or repeal shall not impair or affect the obligation of any pre-existing lawful contract between any licensee and any borrower.
KRS 286.4-640
Created 1960 Ky. Acts ch. 204, sec. 24, effective6/16/1960.