Kentucky Statutes 381.190 – Sale of realty by trustee by virtue of pledge or deed of trust
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No sale of real estate by a trustee, by virtue of a pledge or deed of trust to secure the payment of debts, shall be valid or pass the title of the property specified in the deed or pledge, unless the sale is in pursuance to a judgment of court, or is made by an assignee under a voluntary deed of assignment, or unless the maker of the deed or pledge joins in a writing evidencing the sale.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2356.
Effective: October 1, 1942
Terms Used In Kentucky Statutes 381.190
- Deed: The legal instrument used to transfer title in real property from one person to another.
- real estate: includes lands, tenements, and hereditaments and all rights thereto and interest therein, other than a chattel interest. See Kentucky Statutes 446.010
- Trustee: A person or institution holding and administering property in trust.
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2356.