{"data":{"id":"us-ky/krs-355.2a-531","jurisdiction":"us-ky","citation":"KRS 355.2A-531","heading":"Standing to sue third parties for injury to goods.","body":"(1) If a third party so deals with goods that have been identified to a lease contract as to\ncause actionable injury to a party to the lease contract (a) the lessor has a right of\naction against the third party, and (b) the lessee also has a right of action ag ainst the\nthird party if the lessee:\n(a) Has a security interest in the goods;\n(b) Has an insurable interest in the goods; or\n(c) Bears the risk of loss under the lease contract or has since the injury assumed\nthat risk as against the lessor and the goods have been converted or destroyed.\n(2) If at the time of the injury the party plaintiff did not bear the risk of loss as against\nthe other party to the lease contract and there is no arrangement between them for\ndisposition of the recovery, his suit or sett lement, subject to his own interest, is as a\nfiduciary for the other party to the lease contract.\n(3) Either party with the consent of the other may sue for the benefit of whom it may\nconcern.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33427","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:43Z","sha256":"7fc12cab0d2d822e28a8ba3b66c39f1392e2137cd57679300b1c44f15b0dca2e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.2a-530","next":"us-ky/krs-355.2a-532"},"notice":"GroundRules: Original legal text. Not legal advice."}