Kentucky Statutes 362.165 – Rules of construction
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(1) The rule that statutes in derogation of the common law are to be strictly construed shall have no application to KRS § 362.150 to KRS § 362.360.
(2) The law of estoppel shall apply under KRS § 362.150 to KRS § 362.360. (3) The law of agency shall apply under KRS § 362.150 to KRS § 362.360.
(4) KRS § 362.150 to KRS § 362.360 shall be so interpreted and construed as to effect its general purpose to make uniform the law of those states which enact it.
(5) KRS § 362.150 to KRS § 362.360 shall not be construed so as to impair the obligations of any contract existing when they go into effect, nor to affect any action or proceedings begun or right accrued before they take effect.
Effective: June 26, 2007
History: Repeal the prior repeal contained in 2006 Ky. Acts ch. 149, sec. 239, which was to have been effective January 1, 2008, 2007 Ky. Acts ch. 137, sec. 180, effective June 26, 2007. — Repealed 2006 Ky. Acts ch. 149, sec. 239, effective January 1, 2008. — Created 1954 Ky. Acts ch. 38, sec. 4, effective June 17, 1954.
(2) The law of estoppel shall apply under KRS § 362.150 to KRS § 362.360. (3) The law of agency shall apply under KRS § 362.150 to KRS § 362.360.
Terms Used In Kentucky Statutes 362.165
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Contract: A legal written agreement that becomes binding when signed.
(4) KRS § 362.150 to KRS § 362.360 shall be so interpreted and construed as to effect its general purpose to make uniform the law of those states which enact it.
(5) KRS § 362.150 to KRS § 362.360 shall not be construed so as to impair the obligations of any contract existing when they go into effect, nor to affect any action or proceedings begun or right accrued before they take effect.
Effective: June 26, 2007
History: Repeal the prior repeal contained in 2006 Ky. Acts ch. 149, sec. 239, which was to have been effective January 1, 2008, 2007 Ky. Acts ch. 137, sec. 180, effective June 26, 2007. — Repealed 2006 Ky. Acts ch. 149, sec. 239, effective January 1, 2008. — Created 1954 Ky. Acts ch. 38, sec. 4, effective June 17, 1954.