Code · Kentucky · Chapter 426 — Enforcement of judgments

426.500 Surplus proceeds of sale -- Disposition.

88 words·~1 min read·/ky/chapter-426/426-500

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

(1)If the property sold on credit sells for more than necessary to satisfy the execution,

costs and commission, the officer making the sale shall take a bond payable to the

defendant, the owner of the property, but otherwise similar to and having like force

and effect as that provided for in KRS 426.490, for the excess.

(2)If the property is sold for cash, any excess after satisfying the execution, charges

and commissions shall be paid over by the officer to the defendant whose property

is sold.