2006 Kentucky Revised Statutes - .187   Supersedeas bond for punitive damages on appeal -- Limit -- Rescission of limit if assets diverted or dissipated.

411.187 Supersedeas bond for punitive damages on appeal -- Limit -- Rescission of limit if assets diverted or dissipated. (1) If the appellee in a civil action obtains a judgment for punitive or exemplary damages and the appellant seeks a stay of enforcement of the judgment in order to obtain review by an appellate court, the supersedeas bond for the punitive damages portion of the judgment on appeal shall not exceed one hundred million dollars ($100,000,000). (2) If the appellee proves by a preponderance of the evidence that a party bringing an appeal, for whom the supersedeas bond requirement has been limited, is purposefully dissipating or diverting assets outside of the ordinary course of its business for the purpose of avoiding ultimate payment of the punitive damages judgment, the limitation granted under subsection (1) of this section shall be rescinded and the bond requirement shall be reinstated for the full amount of the judgment. Effective: March 29, 2000 History: Created 2000 Ky. Acts ch. 205, sec. 1, effective March 29, 2000. Page 1 of 1