Ky. Rev. Stat. § 286.3-876
Current through 2024 Ky. Acts ch. 225
Within one hundred eighty (180) days of the date of the closing of a bank, the receiver may at his election reject any lease to which the closed bank is a party without any further liability to the closed bank. The receiver's election to reject a lease creates no claim for rent other than rent accrued to the date of termination or for actual damages, if any, for such termination not to exceed the equivalent of six (6) months' payment.
KRS 286.3-876
Created 1984 Ky. Acts ch. 324, sec. 54, effective7/13/1984.