KRS 286.3-876: Receiver's election to reject a lease -- Effect.
Where this section sits in the code
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 cr eates 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.
Collected 2026-09-05T20:57:11Z. Source file · JSON