Section 324.312 - Commission's right to return of associate's license - Sanction for failure to return(1) A principal broker shall return an associate's license to the commission immediately: (a) Upon the written termination of the association between the broker and the associate; or(b) At any time upon the commission's request.(2) If a principal broker fails to return a license to the commission as required by subsection (1) of this section within five (5) business days, the commission shall consider the license as released, and the principal broker shall be in violation of KRS 324.160(4)(u).Effective:6/25/2009
Amended 2009, Ky. Acts ch. 58, sec. 11, effective6/25/2009. -- Amended 2000, Ky. Acts ch. 488, sec. 28, effective 7/14/2000. -- Created 1998, Ky. Acts ch. 313, sec. 1, effective 7/15/1998.