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This bill doesnt include a grandfather clause or exempt legally registered weapons.

(2) Subsection (1) of this section shall not apply to members of the Armed Forces of the United States, members...

http://www.lrc.ky.gov/record/13RS/SB92.htm
AN ACT relating to firearms and declaring an emergency.
Create a new section of KRS Chapter 237 to limit the applicability and enforceability of...