396.085 Interest on allowed claims.

140 words·~1 min read·/ky/chapter-396/396-085

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Unless otherwise provided in any judgment against the personal representative:

(1)An allowed claim not based on a contract making a provision for interest:

(a)Shall not bear interest for the period commencing with the date of the

decedent's death and ending sixty

(60)days after the time for original

presentation of the claim has expired; and

(b)Shall bear interest at the legal rate after the period specified in subsection

(1)(a) of this section provided the claimant has demanded the payment of

interest in the written statement of the claim delivered or mailed to the

personal representative or filed with the clerk of the court as provided in KRS

396.015.

(2)An allowed claim based on a contract making a provision for interest shall bear

interest from the date of the decedent's death in accordance with the contract

provision.