Bills Tracked in the 2007 Kentucky General Assembly:
HOUSE BILL 367(BR-1212) - An act related to the sale of horses - SIGNED BY THE GOVERNOR
Amend KRS 230.357 to provide that a contract for payment of a commission, fee, gratuity, or other compensation in connection with the sale, purchase, or transfer of an equine shall not be enforceable unless the contract or agreement is in writing and signed by the party against whom the enforcement is sought and the recipient of the compensation provides a written bill of sale for the transaction.
HCS - Retain original provisions; delete language requiring agent to disclose financial records to either or both principals and replace with language requiring agent to disclose only to his or her principals; delete language exempting compensation arrangements from disclosure requirement.
SFA1 (Thayer, Damon) - Redefine "equine"; delete provision making disclosure requirement inapplicable to sales of equines of $10,000 or less.