Kentucky Statutes 99.820 – Authority to incur debt to fulfill conservator obligations
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A conservator may borrow money or incur indebtedness in order to cover the costs of rehabilitation or to otherwise fulfill the conservator’s obligations under KRS § 99.780 to
99.855. In order to facilitate the borrowing of funds for the costs of rehabilitation, the court shall grant priority status to a lien given to secure payment on a debt incurred for purposes authorized under KRS § 99.780 to KRS § 99.855.
Effective: January 1, 2022
History: Created 2021 Ky. Acts ch. 166, sec. 9, effective January 1, 2022.
99.855. In order to facilitate the borrowing of funds for the costs of rehabilitation, the court shall grant priority status to a lien given to secure payment on a debt incurred for purposes authorized under KRS § 99.780 to KRS § 99.855.
Terms Used In Kentucky Statutes 99.820
- Lien: A claim against real or personal property in satisfaction of a debt.
Effective: January 1, 2022
History: Created 2021 Ky. Acts ch. 166, sec. 9, effective January 1, 2022.