A claimant’s production to a bankruptcy court of a grain storage receipt or scale ticket as evidence of ownership of a quantity of grain held by the trustee shall be sufficient to establish a prima facie claim of right to possession in such claimant of the quantity, quality, and type of grain specified in such document. In any case where a claimant has placed the original of such document on deposit with any party as collateral for a loan, an affidavit from such party verifying ownership of such receipt or scale ticket by the claimant shall be sufficient to establish a prima facie claim of right to possession in such claimant.
Effective: July 15, 1982

Terms Used In Kentucky Statutes 427.180

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Trustee: A person or institution holding and administering property in trust.

History: Created 1982 Ky. Acts ch. 101, sec. 1, effective July 15, 1982.

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