Kentucky Statutes 97.180 – Bondholders’ lien — Action to enforce
Current as of: 2024 | Check for updates
|
Other versions
There shall be a statutory mortgage lien upon the recreational project and necessary appurtenances acquired through the issuance of bonds, in favor of the holders of the bonds and the holders of the coupons. The project and appurtenances shall remain subject to the lien until the payment in full of the principal and interest of the bonds. Any holder of the bonds or coupons may, by action at law or in equity, protect and enforce the lien and compel performance of all duties required by KRS § 97.100 to KRS § 97.240, including the making and collecting of sufficient fees and the segregation and application of the revenue.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2741p-19.
Effective: October 1, 1942
Terms Used In Kentucky Statutes 97.180
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2741p-19.