A liability incurred by any person as receiver or depository of money or property committed to his charge by order of the court shall rank with debts due to the state and shall have priority over other debts owed by the receiver or depository and precedence over any mortgage or lien upon the property of the receiver or depository made after his appointment or designation.
Effective: October 1, 1942

Terms Used In Kentucky Statutes 451.200

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 1013.

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