KRS 97.180: Bondholders' lien -- Action to enforce.
Where this section sits in the code
- KRS Chapter 97
There shall be a statutory mortgage lien upon the recreational project and necessary
appurtenances acquired through the issuance of bonds, in favor of the holders of the
bonds and the holders of the coupons. The project and appurtenances shall remain subje ct
to the lien until the payment in full of the principal and interest of the bonds. Any holder
of the bonds or coupons may, by action at law or in equity, protect and enforce the lien
and compel performance of all duties required by KRS 97.100 to 97.240, including the
making and collecting of sufficient fees and the segregation and application of the
revenue.
Collected 2026-09-05T20:49:59Z. Source file · JSON