Kentucky Statutes 426.240 – Redemption right may be sold — Rights of defendant and purchaser
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The right of redemption may be sold under execution. The land shall still be subject to redemption by the defendant, from both purchasers, for six (6) months from the first sale. The purchaser of the right of redemption may, before the end of six (6) months from the first sale, pay the prior purchaser his money and interest as provided in KRS § 426.220, and be entitled to the land, subject to the rights of possession and redemption held by the defendant in the execution.
Effective: June 25, 2013
History: Amended 2013 Ky. Acts ch. 103, sec. 3, effective June 25, 2013. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1686.
Effective: June 25, 2013
Terms Used In Kentucky Statutes 426.240
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
History: Amended 2013 Ky. Acts ch. 103, sec. 3, effective June 25, 2013. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1686.