Kentucky Statutes 382.510 – Lis pendens notices concerning proceedings in bankruptcy
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Any county clerk shall receive for record and record any certified copy of any matter in reference to bankruptcy which any Act of Congress of the United States may provide for as being necessary to be filed in the county wherein lands of a bankrupt are situated in order to be notice of said bankruptcy. Such certified copy shall be recorded in the record of deeds and indexed in the general index of deeds in the name of the bankrupt, as grantor, and in the name of the trustee in bankruptcy or receiver (if any), as grantee. The county clerk shall be entitled to a fee pursuant to KRS § 64.012 for recording each such certified copy, to be paid by the person who offers the copy for recording.
Effective: June 17, 1978
History: Amended Ky. Acts ch. 1978 Ky. Acts ch. 84, sec. 18, effective June 17, 1978.
— Created 1944 Ky. Acts ch. 21, sec. 2.
Effective: June 17, 1978
Terms Used In Kentucky Statutes 382.510
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Grantor: The person who establishes a trust and places property into it.
- Trustee: A person or institution holding and administering property in trust.
History: Amended Ky. Acts ch. 1978 Ky. Acts ch. 84, sec. 18, effective June 17, 1978.
— Created 1944 Ky. Acts ch. 21, sec. 2.