Kentucky Revised Statutes
Ky. Rev. Stat. § 413.242 (2026)
Prerequisite to action against purchaser or selling agent of equine interest
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Before a party possessing a security interest or lien against an equine interest that has been sold without the debt to the party being discharged may bring an action against the purchaser or selling agent of the equine interest, the secured party shall pursue a remedy against the debtor to the point where a judgment is rendered on the merits or the suit is dismissed with prejudice. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 184, effective July 1, 2001.
Notes of Decisions
Cited in 2
cases (2 in the last 5 years), 2021–2023 · leading case: Mull Enter. Ltd. v. Mgg Inv. Grp. Lp, No. 2020 CA 000434 (Ky. Ct. App. Nov. 10, 2021).
Mull Enter. Ltd. v. Mgg Inv. Grp. Lp, No. 2020 CA 000434 (Ky. Ct. App. Nov. 10, 2021). “-6- Yeomanstown moved to dismiss MGG’s claims based on the statutes of limitations under KRS 413.242 and KRS 413.125. The circuit court granted the motion, holding KRS 413.”
Mgg Inv. Grp. Lp v. Bemak N v. Ltd., 671 S.W.3d 76 (Ky. 2023). “The court further determined KRS 413.242 acted to bar the claims against Yeomanstown until the action against the debtor, Zayat Stables, was resolved.”
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