{"data":{"id":"us-ky/krs-164a.100","jurisdiction":"us-ky","citation":"KRS 164A.100","heading":"Pledge of assets or revenues of corporation.","body":"The pledge of any assets or revenues of the corporation to the payment of the principal of\nor the interest on any obligations of the corporation shall be valid and binding from the\ntime when the pledge is made and any such assets or revenues shall immediat ely be\nsubject to the lien of such pledge without any physical delivery thereof or further act, and\nthe lien of any such pledge shall be valid and binding as against all parties having claims\nof any kind in tort, contract or otherwise against the corporati on, irrespective of whether\nsuch parties have notice thereof. Nothing herein shall be construed to prohibit the\ncorporation from selling any assets subject to any such pledge except to the extent that\nany such sale may be restricted by the trust agreement or resolution providing for the\nissuance of such obligations.","path":["KRS Chapter 164A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=4540","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:19Z","sha256":"11c543a463c926ed52fb2278c8c07023438860f5d06dcd4bce8bfa31ee5d1cb6","source_id":"us-ky","stale":false,"prev":"us-ky/krs-164a.090","next":"us-ky/krs-164a.110"},"notice":"GroundRules: Original legal text. Not legal advice."}