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Current as of January 01, 2025 | Updated by Findlaw Staff
Any holder or holders of bonds issued pursuant to KRS 96.550 to 96.900, including a trustee or trustees for holders of such bonds, shall have the right, in addition to all other rights:
(1) By action in court, to enforce his or their rights against the board, and any other proper officer, agent or employee, including, but without limitation, the right to require the board, and any proper officer, agent or employee thereof, to fix and collect rates and charges adequate to carry out any agreement as to, or pledge of, electric plant revenues, and to require the board and any officer, agent or employee thereof to carry out any other covenants and agreements and to perform its and their duties under KRS 96.550 to 96.900; and
(2) By action in equity to enjoin any act or thing which may be unlawful or a violation of the rights of such holder of bonds.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title IX. Counties, Cities, and Other Local Units § 96.710.Remedies of holders of bonds - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-ix-counties-cities-and-other-local-units/ky-rev-st-sect-96-710/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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