A lien shall exist on real property sold under an order of court, as security for the purchase money; and, upon payment thereof the clerk shall release the lien on the margin of the record of the deed in the office of the county clerk, or at the option of the county clerk, in a marginal entry record kept for the same purpose. Each entry in the marginal entry record shall be linked to its respective referenced instrument in the indexing system for the referenced instrument.
KRS 426.715
Lien on realty as security for purchase money -- Release
Applied in 1 court decision — leading case Kentucky Farm Bureau Mutual Insurance Co. v. Conley (1973)
Most recently applied in Kentucky Farm Bureau Mutual Insurance Co. v. Conley (June 1973)
Effective: July 15, 1982 History: Amended 1982 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.