Ky. Rev. Stat. § 381.170

Current through 2024 Ky. Acts ch. 225
Section 381.170 - Consideration paid by other than grantee - Effect

When a deed is made to one (1) person, and the consideration is paid by another no use or trust results in favor of the latter unless the grantee takes a deed in his own name without the consent of the person paying the consideration, or unless the grantee in violation of a trust purchases the lands deeded with the effects of another person. Such deeds are fraudulent as against the existing debts and liabilities of the person paying the consideration.

KRS 381.170

Effective:10/1/1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective10/1/1942, from Ky. Stat. secs. 2353, 2354.