In an action on any assignment of a writing, the consideration for the assignment shall be averred. The plaintiff shall recover no more than the consideration actually paid by him for the note or assignment.
Effective: October 1, 1942

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Terms Used In Kentucky Statutes 371.050

  • Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
  • Plaintiff: The person who files the complaint in a civil lawsuit.

History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 475.