{"data":{"id":"us-ky/krs-426.180","jurisdiction":"us-ky","citation":"KRS 426.180","heading":"Railroads -- Property subject to execution -- Receiver to enforce judgment.","body":"(1) The rolling stock and other movable property belonging to any railroad company in\nthis state shall be considered personal property, and liable to execution and sale in\nthe same manner as the property of individuals. The earnings, money and choses in\naction of any railroad company in the hands of any officer, agent or employee may\nbe subjected to the payment of debts in the same manner as similar property of\nindividuals.\n(2) If an execution on a judgment against any company owning or operating any\nrailroad in this state is returned by the proper officer showing no property found, in\nwhole or in part, the plaintiff therein may institute an equitable action against the\ncompany in the circuit court of the county in which the judgment was rendered to\nplace i ts road and property in the hands of a receiver. The court, upon a petition\nshowing such return and the failure to pay the judgment, shall, upon the service of\nsummons upon the company, appoint some suitable person as receiver of the\ncompany.\n(3) The receiver shall take possession and control of all the road and property belonging\nto and operated by the company, including all rolling stock. The receiver shall\noperate the road until he has collected a sum sufficient to pay the judgment and\ncosts and the cost  of the receivership, and he shall then surrender the road and\nproperty to the defendant. The receiver shall first pay out of the earnings and\nreceipts of the road collected by him the necessary operating expenses, including\nwhat shall be necessary to keep  the road in such repair that it can be safely and\nproperly operated. A bond for the faithful performance of his duties with good and\nsufficient surety approved by the court shall be executed by the receiver before\nentering upon his duties.","path":["KRS Chapter 426"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=18448","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:43Z","sha256":"cc5ee2ec96d83c8fc9cc38781e5db8d5f81371a41156b3b9836493fc64b576e3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-426.170","next":"us-ky/krs-426.190"},"notice":"GroundRules: Original legal text. Not legal advice."}