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2009 Kentucky Revised Statutes
CHAPTER 378 FRAUDULENT AND PREFERENTIAL CONVEYANCES
378.050 Loan of personal property with possession for five years or reservation -- Effect in absence of recorded evidence or will.

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378.050 Loan of personal property with possession for five years or reservation -- Effect in absence of recorded evidence or will. Where any loan of personal property is pretended to have been made to any person with <br>whom, or those claiming under him, possession has remained for five (5) years without <br>demand made and pursued by due process of law on the part of the pretended lender, or <br>where any reservation or limitation by way of condition, reversion, remainder or <br>otherwise is pretended to have been made in the alienation of the property so possessed, <br>the absolute right shall be deemed to be with the possession in favor of a purchaser <br>without notice, or any creditor, of the person remaining in possession, unless the written <br>evidence of the loan, reservation or limitation is duly recorded in the county where the <br>person resides before possession is taken, or is contained in a properly recorded will. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1909.

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