Ky. Rev. Stat. § 376.170

Current through Acts Received April 24, 2024
Section 376.170 - Distribution of income when operation of property is continued

If the trustee or other person having the administration or distribution of the property or effects continues to operate the business, he shall, at the end of each calendar month, after payment of current expenses and any debt due the United States or this state, distribute the remaining money in his hands pro rata among the persons to whom a lien is given by KRS 376.150 and 376.180, except twenty percent (20%) thereof which he may, if necessary, reserve for contingent expenses.

KRS 376.170

Effective:10/1/1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective10/1/1942, from Ky. Stat. sec. 2489.