Kentucky Revised Statutes

Ky. Rev. Stat. § 426.705 (2026)

Bond required of purchaser

✓ current as of May 2026

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(1) The purchaser of property sold under an order of court shall give bond for the price, with good surety, approved by the officer making the sale, payable to him or to the person entitled to receive the money, as the court may direct; or, if the court make no order on the subject, they shall be made payable to the officer.

(2) They shall bear interest from date at the rate the judgment bears.

(3) They shall have the force of judgments; and on executions issued upon them no replevy shall be allowed, and sales shall be for cash. Effective: July 1, 1953 History: Transferred 1952 Ky. Acts ch. 84, sec. 1, effective July 1, 1953, from C.C. sec. 697.

Notes of Decisions

Cited in 1 case, 2005–2005 · leading case: Flag Drilling Co., Inc. v. Erco, Inc., 156 S.W.3d 762 (Ky. Ct. App. 2005).

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Flag Drilling Co., Inc. v. Erco, Inc., 156 S.W.3d 762 (Ky. Ct. App. 2005). · cites it 3× “76 “based only upon annual estimates of taxes due the Cabinet, which were arbitrary and speculative”; and third that the provisions of KRS 426.705 requiring a purchaser of property to pay interest at 12 percent per annum from the date of purchase until the deed is transferred…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.