Kentucky Statutes 382.330 – Instrument not to be recorded unless date of maturity shown — Exception
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No county clerk shall record a deed or deed of trust or mortgage covering real property by which the payment of any indebtedness is secured unless the deed or deed of trust or mortgage states the date and the maturity of the obligations thereby secured which have been already issued or which are to be issued forthwith. In the case of obligations due on demand, the requirement of stating the maturity thereof shall be satisfied by stating that such obligations are “due on demand.”
Effective: June 17, 1978
History: Amended 1978 Ky. Acts ch. 373, sec. 1, effective June 17, 1978. — Amended
1962 Ky. Acts ch. 83, sec. 17. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. sec. 511a-1.
Effective: June 17, 1978
Terms Used In Kentucky Statutes 382.330
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
History: Amended 1978 Ky. Acts ch. 373, sec. 1, effective June 17, 1978. — Amended
1962 Ky. Acts ch. 83, sec. 17. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. sec. 511a-1.