{"data":{"id":"us-ky/krs-355.3-411","jurisdiction":"us-ky","citation":"KRS 355.3-411","heading":"Refusal to pay cashier's checks, teller's checks, and certified checks.","body":"(1) In this section, \"obligated bank\" means the acceptor of a certified check or the issuer\nof a cashier's check or teller's check bought from the issuer.\n(2) If the obligated bank wrongfully:\n(a) Refuses to pay a cashier's check or certified check;\n(b) Stops payment of a teller's check; or\n(c) Refuses to pay a dishonored teller's check,\nthe person asserting the right to enforce the check is entitled to compensation for\nexpenses and loss of interest resulting from the nonpayment and may recover\nconsequential damages if the obligated bank refuses to pay after receiving notice of\nparticular circumstances giving rise to the damages.\n(3) Expenses or consequential damages under subsection (2) of this section are not\nrecoverable if the refusal of the obligated bank to pay occurs because:\n(a) The bank suspends payments;\n(b) The obligated bank asserts a claim or defense of the bank that it has\nreasonable grounds to believe is available against the person entitled to\nenforce the instrument;\n(c) The obligated bank has  a reasonable doubt whether the person demanding\npayment is the person entitled to enforce the instrument; or\n(d) Payment is prohibited by law.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33481","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:44Z","sha256":"251d914c2b3d395b488b185b42be61fca977ef3163cbb4b69dde850a5996bbbb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.3-410","next":"us-ky/krs-355.3-412"},"notice":"GroundRules: Original legal text. Not legal advice."}