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155.230 Reasonable attorneys' fees, provision for.

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155.230 Reasonable attorneys' fees, provision for. In any legal action brought by a business development corporation to obtain the collection <br>or repayment of a defaulted loan, as part of a successful judgment against the debtor or <br>guarantor the business development corporation shall be entitled to an award of <br>reasonable attorneys' fees incurred in the recovery of the defaulted loan, provided that a <br>provision therefor is contained in the loan documents signed by the debtor or guarantor as <br>part of a loan transaction between the debtor or guarantor and the business development <br>corporation. Effective: July 15, 1980 <br>History: Created 1980 Ky. Acts ch. 360, sec. 3, effective July 15, 1980.