{"data":{"id":"us-ky/krs-376.212","jurisdiction":"us-ky","citation":"KRS 376.212","heading":"Bond to discharge lien created by KRS 376.210 -- Requirements --","body":"Liability of obligors on bond.\n(1) Any contractor or other person contracting with the public authority for the\nfurnishing of any improvements or services for which a lien is created by KRS\n376.210 or any person in privity with the contractor or other person may, at any\ntime before a judgment is rendered enforcing the lien, execute before the county\nclerk in the county in which the lien was filed a bond for double the amount of the\nlien claimed.\n(2) The bond executed under subsection (1) of this section shall be subject to the\nfollowing conditions:\n(a) The bond shall be approved by the clerk only if the bond is secured by:\n1. Cash;\n2. A letter of credit from a bank; or\n3. Surety insurance as defined by KRS 304.5 -060 that is issued by a\nlicensed insurer; and\n(b) The bond shall require that the obligor satisfy any judgment that may be\nrendered in favor of the person asserting the lien.\n(3) The bond shall be preserved by the clerk, and upon it s execution, the lien provided\nby KRS 376.210 shall be discharged.\n(4) The person asserting the lien may make the obligors on the bond parties to any\naction to enforce his claim, and any judgment received may be against any of the\nobligors on the bond.","path":["KRS Chapter 376"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=39872","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:08Z","sha256":"08941387b8eab0236bb454297f437e86e22e327f1471e92809f95085638972fb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-376.210","next":"us-ky/krs-376.220"},"notice":"GroundRules: Original legal text. Not legal advice."}