(1) A surety shall be discharged from all liability under any judgment or decree, after the lapse of seven (7) years without the issue of execution and prosecution in good faith for collection.
(2) A surety in any bond given in the course of any judicial proceeding shall be discharged from all liability on it unless suit is brought on it within seven (7) years after the cause of action accrues.

Terms Used In Kentucky Statutes 413.220


(3) A surety in any obligation or contract, other than those provided for in KRS
413.230, shall be discharged from all liability on it unless suit is brought on it within seven (7) years after the cause of action accrues.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 2548, 2549, 2551.