Kentucky Statutes 376.020 – Lien follows property if executory contract for sale is rescinded
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If the owner claims by executory contract and for any cause the contract is rescinded or set aside, the lien provided for in KRS § 376.010 shall follow the property into the hands of the person to whom the property may come or with whom it may remain by reason of the rescissions, but only to the extent that the actual value of the property is enhanced by the improvements so placed upon it.
History: Amended 1944 Ky. Acts ch. 173, sec. 22. — Recodified 1942 Ky. Acts ch.
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2464.
History: Amended 1944 Ky. Acts ch. 173, sec. 22. — Recodified 1942 Ky. Acts ch.
Terms Used In Kentucky Statutes 376.020
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2464.