Kentucky Statutes 413.110 – Action against county on bonded obligation — Three year limitation — Action on state warrant — Two year limitation
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(1) A cause of action existing against a county by virtue of its bonded obligation for the payment of money, after the county has in good faith offered to redeem the obligations that have matured by the payment in full of all principal and interest due, expires and becomes ineffective at the end of three (3) years after the offer.
(2) A cause of action for payment of any warrant of the Commonwealth expires and becomes noneffective unless brought within two (2) years after the Commonwealth has in good faith offered to redeem the warrant by payment in full of all interest and principal due.
History: Amended 1966 Ky. Acts ch. 255, sec. 270. — Amended 1942 Ky. Acts ch. 6, secs. 1, 2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2514.
(2) A cause of action for payment of any warrant of the Commonwealth expires and becomes noneffective unless brought within two (2) years after the Commonwealth has in good faith offered to redeem the warrant by payment in full of all interest and principal due.
Terms Used In Kentucky Statutes 413.110
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
History: Amended 1966 Ky. Acts ch. 255, sec. 270. — Amended 1942 Ky. Acts ch. 6, secs. 1, 2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2514.