{"data":{"id":"us-ky/krs-355.8-203","jurisdiction":"us-ky","citation":"KRS 355.8-203","heading":"Staleness as notice of defect or defense.","body":"After an act or event, other than a call that has been revoked, creating a right to\nimmediate performance of the principal obligation represented by a certificated security\nor setting a date on or after which the security is to be presented or surrendered for\nredemption or exchange, a purchaser is charged with notice of any defect in its issue or\ndefense of the issuer, if the act or event:\n(1) Requires the payment of money, the delivery of a certificated security, the\nregistration of transfer of an uncertif icated security, or any of them on presentation\nor surrender of the security certificate, the money or security is available on the date\nset for payment or exchange, and the purchaser takes the security more than one\nyear after that date; or\n(2) Is not covered by subsection (1) of this section and the purchaser takes the security\nmore than two years after the date set for surrender or presentation or the date on\nwhich performance became due.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33680","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:46Z","sha256":"c31c9c213c9271dca158ccc2949354cb4a24cfc234a85d8f45ddc2204fa5d971","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.8-202","next":"us-ky/krs-355.8-204"},"notice":"GroundRules: Original legal text. Not legal advice."}