KRS 138.320 — Procurement of dealer's or transporter's license -- Grounds for refusal -- Nonassignability -- Records -- Suspension or revocation

(1) To procure the license required by KRS 138.310, every dealer or transporter so
required shall file with the Department o f Revenue an application in such form and
containing such information as the department may deem necessary.
(2) If the dealer or transporter is a corporation organized under the laws of another
state, it shall file with its application a certified copy of the certificate or license
issued by the Secretary of State of this state showing that the corporation is
authorized to transact business in this state.
(3) At the time of filing application for a license, a financial instrument in the amount
provided for in KRS 138.330 shall be filed with the department. No license shall be
issued upon any application unless accompanied by this financial instrument.
(4) If application for such a license is filed by any person whose license has at any time
previously been canceled for cause by the department, or if the department is of the
opinion that the application is not filed in good faith, or that the application is filed
by some person as a subterfuge for the real person in interest whose license or
registration has p reviously been canceled for cause by the department, the
department may, after a hearing of which the applicant has been given five (5) days'
notice in writing, and in which the applicant shall have the right to appear in person
or by counsel and present testimony, refuse to issue a license to that person.
(5) The application in proper form having been accepted for filing, and the financial
instrument having been accepted and approved, the department shall issue to the
applicant a license, subject to cancellation as provided by KRS 138.340. The license
shall not be assignable, and shall be valid only for the person in whose name it is
issued, and shall be displayed conspicuously in the principal place of business of the
dealer in this state.
(6) The department shall keep and file all applications and financial instruments, with
an alphabetical index thereof, together with a record of all licensed dealers or
transporters. The department shall publish and keep currently up to date a list of
licensed dealers and transporters, and transmit a copy of list and all revisions
thereof to all licensed dealers and transporters.
(7) All licenses shall be valid and remain in full force and effect until suspended or
revoked for cause or otherwise canceled.