{"data":{"id":"us-ky/krs-382.340","jurisdiction":"us-ky","citation":"KRS 382.340","heading":"Mortgages executed by public utility corporations -- Recording -- Effect.","body":"(1) Mortgages executed by corporations, authorized to operate railroads, motor\ntransportation lines, electric light, heat and power plants, water plants, telegraph and\ntelephone lines, pipelines for the transportation or distribution of natural or\nmanufactured gas, or a mixture of same, which cover rights -of-way, franchises,\npipelines, pole lines, easements, railroad tracks, engines, cars, motor equipment or\nany tangible personal property, or after -acquired property of whatever kind, may\ncreate a lien upon such property, or any interest therein, and may secure all renewals\nand extensions of any loan secured thereby and the note evidencing the same, and\nmay secure any additional indebtedness whether direct, indirect, existing, future,\ncontingent or otherwise, to the extent authorized by the mortgage or deed of trust, if\nthe mortgage by its terms stipulates the maximum additional indebtedness which\nmay be secured thereby. All such mortgages which cover rights -of-way, franchises,\npipelines, pole lines, easements , railroad tracks, engines, motor equipment or any\ntangible personal property shall be duly acknowledged as required by law and\nrecorded as mortgages on real estate are required to be recorded only in the county\nin Kentucky in which the principal office of the corporation is located.\n(2) If the mortgage covers other real property in addition to rights -of-way, franchises,\npipelines, pole lines, easements, railroad tracks, engines, cars, motor equipment or\ntangible personal property, then the mortgage shall a lso be recorded in each county\nin which such other real property is located.\n(3) When such mortgage is lodged for record, as herein provided, it shall be effective\nagainst purchasers for a valuable consideration without notice and against creditors\nas defined in KRS 382.270.","path":["KRS Chapter 382"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35620","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:12Z","sha256":"5b0b21e556911040d294c016b8df283c0d32ca3d744c41a1192061f62975f5d8","source_id":"us-ky","stale":false,"prev":"us-ky/krs-382.337","next":"us-ky/krs-382.350"},"notice":"GroundRules: Original legal text. Not legal advice."}