425.306 Grounds of attachment for debt or liability upon a contract.

156 words·~1 min read·/ky/chapter-425/425-306

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

(1)Before a debt or liability upon a contract becomes due or matures, an equitable

action for indemnity may be brought by a creditor against his debtor; by a surety

against his principal; or by one who is jointly liable with another for such debt or

liability, against the latter:

(a)If the defendant be about to depart from this state, and, with intent to defraud

his creditors, have concealed or removed from this state his property, or so

much thereof that the process of court, after judgment, cannot be executed.

(b)If there exist against the defendant any of the grounds for an attachment which

are mentioned in paragraphs (c), (d), (e), (f),

(g)and

(h)of subsection

(1)of

KRS 425.301.

(2)Upon an action being filed, if the petition shows the existence of any of the grounds

specified in paragraph

(b)of subsection

(1)of this section the court may order an

attachment.