KRS 355.7-206: Termination of storage at warehouse's option.

(1) A warehouse, by giving notice to the person on whose account the goods are held

and any other person known to claim an interest in the goods, may require payment

of any charges and removal of the goods from the warehouse at the termination of

the period of storage fixed by the document of title or, if a period is not fixed,

within a stated period not less than thirty (30) days after the warehouse gives notice.

If the goods are not removed before the date specified in the notice, the warehouse

may sell them pursuant to KRS 355.7-210.

(2) If a warehouse in good faith believes that goods are about to deteriorate or decline

in value to less than the amount of its lien within the time provided in subsection (1)

of this section and KRS 355.7 -210, the warehouse may specify in the notice given

under subsection (1) of this section any reasonable shorter time for removal of the

goods and, if the goods are not removed, may sell them at public sale held not less

than one (1) week after a single advertisement or posting.

(3) If, as a result of a quality or condition of the goods of which the warehouse did not

have notice at the time of deposit, the goods are a hazard to other property, the

warehouse facilities, or other persons, the warehouse may sell the goods at public or

private sale without advertisement or posting on reasonable notification to all

persons known to claim an interest in the goods. If the warehouse, after a reasonable

effort, is unable to sell the goods, it may dispose of them in any lawful manner and

does not incur liability by reason of that disposition.

(4) A warehouse shall deliver the goods to any person entitled to them under this article

upon due demand made at any time before sale or other disposition under this

section.

(5) A warehouse may satisfy its lien from the proceeds of any sale or disposition under

this section but shall hold the balance for delivery on the demand of any person to

which the warehouse would have been bound to deliver the goods.