Ky. Rev. Stat. » Chapter 248
Kentucky Revised Statutes

Ky. Rev. Stat. § 248.015 (2026)

Tobacco boards of trade -- Powers

✓ laws through the 2026 session (checked Sept. 2026)
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A tobacco board of trade shall be organized on every market at which tobacco is offered for sale at auction and each board shall have the objects, purposes, and powers to: promote a more orderly market for the sale of tobacco at auction; prevent market gluts by arranging for a more orderly flow of tobacco through the warehouses; encourage ethical practices in the auction system; support the continuation of the production control program; adopt bylaws or regulations defining voting rights of the tobacco board of trade members; collect dues and initiation fees to cover the operating expenses of the tobacco board of trade; adopt regulations for the conduct of the tobacco market including the allocation of selling time and selling space. History: Created 1962 Ky. Acts ch. 302, sec. 1.

Notes of Decisions
Cited in 3 cases, 1963–1970 · leading case: Freeman v. Danville Tobacco Bd. of Trade, Inc., 380 S.W.2d 215 (Ky. Ct. App. 1964).
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Freeman v. Danville Tobacco Bd. of Trade, Inc., 380 S.W.2d 215 (Ky. Ct. App. 1964). “KRS 248.015, 248.025 and 248.035 require a Tobacco Board of Trade for every tobacco auction market in the Commonwealth.”
Winn Avenue Warehouse, Inc. v. Winchester Tobacco Warehouse Co., 220 F. Supp. 741 (E.D. Ky. 1963). “With the cooperation of the Secretary of Agriculture under 7 U.”
Farmers No. 4, Inc. v. Lexington Tobacco Bd. of Trade, 461 S.W.2d 926 (Ky. Ct. App. 1970). · cites it 2× “In 1962 the legislature enacted KRS 248.015, providing for the organization of a tobacco board of trade on every market at which tobacco is offered for sale at auction.”
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