Kentucky Statutes 395.550 – Creditors actions may be enjoined while action for settlement pending
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Upon the institution of the action mentioned in KRS § 395.510, an order may be made enjoining the prosecution of actions against the representatives of a decedent, by creditors, for their demands. But such enjoining shall not be made, unless the action for the settlement of the estate be commenced within three (3) years after the qualification of the personal representative.
Effective: July 1, 1953
History: Transferred 1952 Ky. Acts ch. 84, sec. 1, effective July 1, 1953, from C.C. sec. 436.
Effective: July 1, 1953
Terms Used In Kentucky Statutes 395.550
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Decedent: A deceased person.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
History: Transferred 1952 Ky. Acts ch. 84, sec. 1, effective July 1, 1953, from C.C. sec. 436.