The vigilant leap-frogger

July 12, 2012

  • 366 Subrogation
  • 366k37 Defenses and Grounds of Opposition
  • 366k38 k. In General.

366 SubrogationEquitable subrogation, which allows a later-filed lienholder to leap-frog over an intervening lien and take a priority position, aids the vigilant, not the negligent.
Wells Fargo Bank, Minnesota, N.A. v. Com., Fin. & Admin., Dept. of Revenue, 345 S.W.3d 800 (Ky. 2011)
Suggested by Jill Bergquist, Principal Attorney Editor, Westlaw