2009 Kentucky Revised Statutes
CHAPTER 413 LIMITATION OF ACTIONS
413.100 Lienee not to extend limitation as against purchasers or creditors -- Exception.
obligation for the payment of money secured by a lien shall operate as a prolongation or
extension of the time within which the lien may be enforced as against purchasers or
creditors, unless the promisor and the holder of the lien, before fifteen (15) years after the
maturity of the debt, enters a memorandum on the margin of the record of the deed or
mortgage, attested by the clerk, showing that the debt is extended, for what time it is
extended and the amount still due thereon. The payee shall pay the clerk a fee pursuant to
KRS 64.012 for his services. Effective: January 1, 2007
History: Amended 2006 Ky. Acts ch. 255, sec. 37, effective January 1, 2007. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat.
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