KRS 355.2A-506: Statute of limitations.

(1) An action for default under a lease contract, including breach of warranty or

indemnity, must be commenced within four (4) years after the cause of action

accrued. By the original lease contract the parties may reduce the period of

limitation to not less than one (1) year.

(2) A cause of action for default accrues when the act or omission on which the default

or breach of warranty is based is or should have been discovered by the aggrieved

party, or when the default occurs, whichever is later. A cause of ac tion for

indemnity accrues when the act or omission on which the claim for indemnity is

based is or should have been discovered by the indemnified party, whichever is

later.

(3) If an action commenced within the time limited by subsection (1) is so termina ted

as to leave available a remedy by another action for the same default or breach of

warranty or indemnity, the other action may be commenced after the expiration of

the time limited and within six (6) months after the termination of the first action

unless the termination resulted from voluntary discontinuance or from dismissal for

failure or neglect to prosecute.

(4) This section does not alter the law on tolling of the statute of limitations nor does it

apply to causes of action that have accrued before this article becomes effective.