Kentucky Statutes 353.764 – Enforcement of rights by bond holder or trustee of trust indenture
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Any holder of bonds issued under KRS § 353.750 to KRS § 353.776 and the trustee under any trust indenture, except to the extent that rights may be restricted by the trust indenture, may, either at law or in equity, by suit, action, mandamus, or other proceedings, protect and enforce any and all rights arising under the laws of this Commonwealth, a trust indenture, or a proceeding authorizing the issuance of bonds; and may enforce and compel the performance of duties required under KRS § 353.750 to KRS § 353.776, including the fixing, charging, and collecting of rents.
Effective: June 20, 2005
History: Created 2005 Ky. Acts ch. 155, sec. 8, effective June 20, 2005.
Effective: June 20, 2005
Terms Used In Kentucky Statutes 353.764
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Trustee: A person or institution holding and administering property in trust.
History: Created 2005 Ky. Acts ch. 155, sec. 8, effective June 20, 2005.