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Current as of January 01, 2025 | Updated by Findlaw Staff
A conservator may borrow money or incur indebtedness in order to cover the costs of rehabilitation or to otherwise fulfill the conservator's obligations under KRS 99.780 to 99.855. In order to facilitate the borrowing of funds for the costs of rehabilitation, the court shall grant priority status to a lien given to secure payment on a debt incurred for purposes authorized under KRS 99.780 to 99.855.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title IX. Counties, Cities, and Other Local Units § 99.820.Authority to incur debt to fulfill conservator obligations - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-ix-counties-cities-and-other-local-units/ky-rev-st-sect-99-820/
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