There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 3. Banks and Trust Companies
286.3.876 Receiver's election to reject a lease -- Effect.
Download pdfmay at his election reject any lease to which the closed bank is a party without any further
liability to the closed bank. The receiver's election to reject a lease creates no claim for
rent other than rent accrued to the date of termination or for actual damages, if any, for
such termination not to exceed the equivalent of six (6) months' payment. Effective: July 13, 1984
History: Created 1984 Ky. Acts ch. 324, sec. 54, effective July 13, 1984.
Formerly codified as KRS 287.876.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the
Kentucky Financial Services Code, KRS Chapter 286.
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