286.3 -870 Late claim's share in undistributed assets. Any claim filed after the one hundred eighty (180) day claim period prescribed by KRS 286.3 -868 and subsequently accepted by the receiver or allowed by the receivership court, shall be entitled to share in the distribution of assets only to the extent of t he undistributed assets in the hands of the receiver on the date such claims are accepted or allowed. Effective: July 13, 1984 History: Created 1984 Ky. Acts ch. 324, sec. 51, effective July 13, 1984. Formerly codified as KRS 287.870. Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to c onform with the 2006 renumbering of that code.
Kentucky Legal Code