# KRS § 329A.050: 329A.050 Change of ownership -- Agent who ceases to perform duties

> Kentucky · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.050

## Section

- **Citation:** KRS § 329A.050
- **Heading:** 329A.050 Change of ownership -- Agent who ceases to perform duties
- **Jurisdiction:** Kentucky
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KY Code / Title XXVI / Chapter 329A / Section 329A.050

## Text

329A.050 Change of ownership -- Agent who ceases to perform duties.

(1) If the ownership of an investigating company changes, the new owner, if not already

a licensee, shall not operate that company more than thirty (30) days after the date

of the ownership change unless, within the thirty (30) day period, the new owner

submits an application for a license.

(a) If the application is submitted, the new owner may continue to operate the

company until the application has been finally determined by the board.

(b) The board may extend for a reasonable time the period for submitting an

application under this subsection.

(2) If the qualifying agent of a company ceases to perform the duties of an agent on a

regular basis, the licensee shall notify the board by certified or registered mail

within thirty (30) days and substitute a new qualifying agent within ninety (90)

days. The board may extend for a reasonable time the period for obtaining a

substitute qualifying agent.

## Nearby sections

- [KRS § 329A.010 329A.010 Definitions for KRS 329A.010 to 329A.090](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.010.md)
- [KRS § 329A.015 329A.015 License required to hold self out as private investigator -- Criminal background check](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.015.md)
- [KRS § 329A.020 329A.020 Kentucky Board of Licensure for Private Investigators -- Members -- Appointment -- Vacancies -- Reimbursement -- Meetings -- Removal of members -- Liability insurance](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.020.md)
- [KRS § 329A.025 329A.025 Duties and powers of board](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.025.md)
- [KRS § 329A.030 329A.030 Revolving fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.030.md)
- [KRS § 329A.035 329A.035 Applications for licenses -- Requirements -- Confidentiality](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.035.md)
- [KRS § 329A.040 329A.040 Board's duties upon receipt of application -- Approval -- License and identification card -- Individual license](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.040.md)
- [KRS § 329A.045 329A.045 Renewal -- Fee -- Grace period -- Termination and reinstatement -- Revocation -- Evidence of continuing education -- Inactive status](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.045.md)
- [KRS § 329A.050 329A.050 Change of ownership -- Agent who ceases to perform duties](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.050.md)
- [KRS § 329A.055 329A.055 Prohibited acts](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.055.md)
- [KRS § 329A.060 329A.060 Investigation of licensee wrongdoing -- Hearing -- Admonishment](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.060.md)
- [KRS § 329A.065 329A.065 Disciplinary actions -- Civil penalty -- Permanent file -- Assurance of voluntary compliance -- Appeal](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.065.md)
- [KRS § 329A.070 329A.070 Scope of KRS 329A.010 to 329A.090](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.070.md)
- [KRS § 329A.075 329A.075 Notification of board](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.075.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C329A_S329A.050. Check the current official text before relying on it. Not legal advice.