{"data":{"id":"us-ky/krs-96.720","jurisdiction":"us-ky","citation":"KRS 96.720","heading":"Receiver.","body":"If there is a default in the payment of the principal or interest of any bonds issued\npursuant to KRS 96.550 to 96.900, any court having jurisdiction may, upon the petition of\nthe holders of not less than twenty-five percent (25%) of the outstanding bonds, appoint a\nreceiver to administer said electric plant on behalf of the board, with power to charge and\ncollect rates sufficient to provide for the payment of any bonds or obligations outstanding\nagainst said electric plant and for the payment of the operat ing expenses and to apply the\nincome and revenues in conformity with KRS 96.550 to 96.900.","path":["KRS Chapter 96"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=26278","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:58Z","sha256":"323f6dfe494813267f94e180f0f57ff44d9bef014addaf52ba1ecfcb1df81a19","source_id":"us-ky","stale":false,"prev":"us-ky/krs-96.710","next":"us-ky/krs-96.730"},"notice":"GroundRules: Original legal text. Not legal advice."}