138.462 Definitions for KRS 138.463 and 138.4631.

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138.462 Definitions for KRS 138.463 and 138.4631. As used in KRS 138.463 and 138.4631, unless the context requires otherwise: <br>(1) &quot;Cabinet&quot; means the Transportation Cabinet; <br>(2) &quot;Rent&quot; and &quot;rental&quot; means a contract, supported by a consideration, for the use of a motor vehicle for a period of less than three hundred sixty-five (365) days; (3) &quot;Lease&quot; and &quot;leasing&quot; means a contract, 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) &quot;Gross rental charge&quot; means the amount paid by a customer for time and mileage only. Effective: January 1, 1987 <br>History: Created 1986 Ky. Acts ch. 431, sec. 3, effective January 1, 1987. <br>Legislative Research Commission Note. Acts 1986, ch. 431, </p> <BR></DIV><!-- /.col.one --><!-- /.col.two --></DIV><!-- /.col.main --></DIV><!-- /div id = content --> <BR class=clear></DIV> <!-- /div id = livearea --> <DIV></DIV><!-- /.col.one --> <DIV></DIV><!-- /.col.main --> <DIV></DIV><!-- /#content --><BR class=clear> <DIV></DIV><!-- /#livearea --> <!-- Footer--> <DIV id=footer> <DIV class=container> <P class=copyright>Copyright &copy; 2012-2022 Laws9.Com All rights reserved. </P><!-- /.copyright --> <P class=footerlinks><A href="/contactus.html">Contact Us</A> | <A href="/aboutus.html">About Us</A> | <A href="/terms.html">Terms</A> | <A href="/privacy.html">Privacy</A></P><!-- /.footerlinks --> </DIV><!-- /.container --> </DIV><!-- /footer --> </BODY></HTML>