Kentucky Statutes 365.440 – Bond held three years, surrendered when
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Every bond given in connection with any sale under KRS § 365.410 to KRS § 365.480 and
365.992 shall be kept by the county clerk of the county in which the sale is conducted until the expiration of three (3) years from the final date of the sale as filed, and shall then be surrendered to the principal if he has so requested, otherwise to one (1) of the sureties. If at the expiration of three (3) years the clerk has reason to believe a pending court action relates to the bond, he shall retain the bond until final disposition of the action.
Effective: June 17, 1978
History: Amended 1978 Ky. Acts ch. 384, sec. 497, effective June 17, 1978. — Created
1966 Ky. Acts ch. 60, sec. 15.
365.992 shall be kept by the county clerk of the county in which the sale is conducted until the expiration of three (3) years from the final date of the sale as filed, and shall then be surrendered to the principal if he has so requested, otherwise to one (1) of the sureties. If at the expiration of three (3) years the clerk has reason to believe a pending court action relates to the bond, he shall retain the bond until final disposition of the action.
Terms Used In Kentucky Statutes 365.440
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
Effective: June 17, 1978
History: Amended 1978 Ky. Acts ch. 384, sec. 497, effective June 17, 1978. — Created
1966 Ky. Acts ch. 60, sec. 15.