In all cases where agreements to pay assessments in installments have not been filed within the time limit, the entire amount of the assessment shall be payable in cash. Any assessment not paid within thirty (30) days from the date of notice, shall bear interest at the rate or rates or method of determining rates as the board of directors deems best from the date of the assessment and levy, and shall be collected by suit.
KRS 184.160
Entire assessment due in absence of agreement -- Interest -- Collection
Effective: July 15, 1996 History: Amended 1996 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.