Ky. Rev. Stat. § 138.462

Current through 2024 Ky. Acts ch.225

Section 138.462 - Definitions for KRS 138.463 and 138.4631

As used in KRS 138.463 and 138.4631, unless the context requires otherwise:

(1) "Cabinet" means the Transportation Cabinet;

(2) "Rent" and "rental" means a contract, other than a peer-to-peer car sharing program agreement as defined in KRS 281.010 or a car sharing program agreement as defined in KRS 365.520, supported by a consideration, for the use of a motor vehicle for a period of less than three hundred sixty-five (365) days;

(3) "Lease" and "leasing" means a contract, other than a peer-to-peer car sharing program agreement as defined in KRS 281.010 or a car sharing program agreement as defined in KRS 365.520, supported by a consideration, for the use of a motor vehicle for a period of three hundred sixty-five (365) days or more; and

(4) "Gross rental charge" means the amount paid by a customer for time and mileage only.

KRS 138.462

Amended by 2022 Ky. Acts ch. 212,§ 12, eff. 1/1/2023.

Amended by 2022 Ky. Acts ch. 153,§ 14, eff. 1/1/2023.

Effective:1/1/1987
Created 1986 Ky. Acts ch. 431, sec. 3, effective1/1/1987.