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376.100 Release of lien by execution of bond.
The owner or claimant of property against which a lien has been asserted, or any
contractor or other person contracting with the owner or claimant of such property for
the furnishing of any improvements or services for which a lien is created by this
chapter or any subcontractor or other person in privity with the contractor, may, at
any time before a judgment is rendered enforcing the lien, execute before the county
clerk in which the lien was filed a bond for double the amount of the lien claimed with
good sureties to be approved by the clerk, conditioned upon the obligors satisfying
any judgment that may be rendered in favor of the person asserting the lien. The
bond shall be preserved by the clerk, and upon its execution the lien upon the
property shall be discharged. The person asserting the lien may make the obligors in
the bond parties to any action to enforce his claim, and any judgment recovered may
be against all or any of the obligors on the bond.
Effective:June 8, 2011
History: Amended 2011 Ky. Acts ch. 96, sec. 1, effective June 8, 2011. -Amended 1986 Ky. Acts ch. 390, sec. 1, effective July 15, 1986. -- Amended
1978 Ky. Acts ch. 384, sec. 504, effective June 17, 1978. -- Recodified 1942 Ky.
Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2478.
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