2009 Kentucky Revised Statutes
CHAPTER 413 LIMITATION OF ACTIONS
413.100 Lienee not to extend limitation as against purchasers or creditors -- Exception.

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413.100 Lienee not to extend limitation as against purchasers or creditors -- Exception. No promise, acknowledgment or payment of money by any person bound on any bond or <br>obligation for the payment of money secured by a lien shall operate as a prolongation or <br>extension of the time within which the lien may be enforced as against purchasers or <br>creditors, unless the promisor and the holder of the lien, before fifteen (15) years after the <br>maturity of the debt, enters a memorandum on the margin of the record of the deed or <br>mortgage, attested by the clerk, showing that the debt is extended, for what time it is <br>extended and the amount still due thereon. The payee shall pay the clerk a fee pursuant to <br>KRS 64.012 for his services. Effective: January 1, 2007 <br>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. <br>sec. 2514.

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