Kentucky Statutes 412.010 – Survival of liability of joint obligor — Right of contribution
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(1) If any person jointly bound with another in any contract, or by judgment, dies in the lifetime of the other obligor, his heir, devisee, or representative may be charged in the same manner as if the contract or judgment had been separate as against the decedent.
(2) The same rights and responsibilities shall continue in favor of, and against, the representatives of a person entitled to or bound to make contribution who dies as if he were living when contribution is demanded. The same principle shall apply when more than one (1) dies.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 476, 487.
(2) The same rights and responsibilities shall continue in favor of, and against, the representatives of a person entitled to or bound to make contribution who dies as if he were living when contribution is demanded. The same principle shall apply when more than one (1) dies.
Terms Used In Kentucky Statutes 412.010
- Contract: A legal written agreement that becomes binding when signed.
- Decedent: A deceased person.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 476, 487.