KRS 355.7-308: Enforcement of carrier's lien.

(1) A carrier's lien on goods may be enforced by public or private sale of the goods, in

bulk or in packages, at any time or place and on any terms that are commercially

reasonable, after notifying all persons known to claim an interest in the goods. The

notification shall include a statement of the amount due, the nature of the proposed

sale, and the time and place of any public sale. The fact that a better price could

have been obtained by a sale at a different time or in a different method from that

selected by the carrier is not of itself sufficient to establish that the sale was not

made in a commercially reasonable manner. The carrier has sold goods in a

commercially reasonable manner if the carrier sells the goods in the usual manner in

any recognized market therefor, sells at the price current in that market at the time

of the sale, or has otherwise sold in conformity with commercially reasonable

practices among dealers in the type of goods sold. A sale of more goods than

apparently necessary to be offere d to ensure satisfaction of the obligation is not

commercially reasonable, except in cases covered by the preceding sentence.

(2) Before any sale pursuant to this section, any person claiming a right in the goods

may pay the amount necessary to satisfy the lien and the reasonable expenses

incurred in complying with this section. In that event, the goods may not be sold but

shall be retained by the carrier, subject to the terms of the bill of lading and this

article.

(3) A carrier may buy at any public sale pursuant to this section.

(4) A purchaser in good faith of goods sold to enforce a carrier's lien takes the goods

free of any rights of persons against which the lien was valid, despite the carrier's

noncompliance with this section.

(5) A carrier may satis fy its lien from the proceeds of any sale pursuant to this section

but shall hold the balance, if any, for delivery on demand to any person to which the

carrier would have been bound to deliver the goods.

(6) The rights provided by this section are in addi tion to all other rights allowed by law

to a creditor against a debtor.

(7) A carrier's lien may be enforced pursuant to either subsection (1) of this section or

the procedure set forth in KRS 355.7-210(2).

(8) A carrier is liable for damages caused by fai lure to comply with the requirements

for sale under this section and, in case of willful violation, is liable for conversion.