There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 382 CONVEYANCES AND ENCUMBRANCES
382.350 Removal of property from land covered by lien.
Download pdfor vendor's lien, and without the written consent of the record holder thereof, purchases,
severs or removes from the land covered by the mortgage or lien, any standing timber,
buildings, minerals, or improvements in the nature of fixtures real, covered by and
included in the mortgage or lien, and who converts such property to his own use, shall
take such property subject to the mortgage or vendor's liens, and the respective priorities
thereof, and shall be liable to the holders of the mortgages or liens for a return of such
property or for the reasonable market value thereof at the time of the purchase or
severance or removal and conversion thereof at the option of the holder of the mortgage
or lien. But no holder of a mortgage or a vendor's lien shall recover more than the amount
of the indebtedness secured by his mortgage or vendor's lien, and any amount recovered
by the holder of the mortgage or vendor's lien shall be credited on the indebtedness
secured thereby. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 498b.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.