Ky. Rev. Stat. § 304.27-120

Current through 2024 Ky. Acts ch. 225
Section 304.27-120 - Action on bond

Action on the attorney's bond or to recover against any such deposit made in lieu thereof may be brought at any time by one (1) or more subscribers suffering loss through a violation of its conditions, or by a receiver or liquidator of the insurer. Amounts recovered on the bond shall be deposited in and become part of the insurer's funds. The total aggregate liability of the surety shall be limited to the amount of the penalty of such bond.

KRS 304.27-120

Effective:6/18/1970
Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 12, effective6/18/1970.