Kentucky Statutes 413.070 – Action upon equity of redemption in real property
Current as of: 2024 | Check for updates
|
Other versions
After a mortgagee of real property or any person claiming under him has had fifteen (15) years’ continued adverse possession, no action shall be brought by the mortgagor or anyone claiming under him to redeem the property.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2539.
Effective: October 1, 1942
Terms Used In Kentucky Statutes 413.070
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2539.