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2014 Kentucky Revised Statutes
CHAPTER 376 - STATUTORY LIENS
376.170 Distribution of income when operation of property is continued.

KY Rev Stat § 376.170 (2014) What's This?

Download as PDF 376.170 Distribution of income when operation of property is continued. If the trustee or other person having the administration or distribution of the property or effects continues to operate the business, he shall, at the end of each calendar month, after payment of current expenses and any debt due the United States or this state, distribute the remaining money in his hands pro rata among the persons to whom a lien is given by KRS 376.150 and 376.180, except twenty percent (20%) thereof which he may, if necessary, reserve for contingent expenses. Effective:October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2489.

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