| Title | AN ACT relating to heir property and making an appropriation therefor. |
|---|---|
| Bill Documents | Original |
| Sponsors | R. Thomas |
| Summary of Original Version | Create new sections of KRS Chapter 381 to define heir property and create a mechanism for partition or sale among cotenants by the court; create requirements for notice, determination of value through agreement or appraisal; create protocol for buyouts, partition alternatives, partition in kind, sale by open-market, sealed bids, or auction; create the heir property research fund; amend KRS 324B.050 to authorize the Kentucky Real Estate authority to promulgate administrative regulations to issue grants from the fund; amend KRS 64.012 to increase the recording and indexing fee collected by county clerks by $1 and to direct those extra funds to the heir property research fund; amend KRS 381.135 and 389A.030 to conform. |
| Index Headings |
Administrative Regulations and Proceedings - Real Estate Authority, heir property research fund County Clerks - Heir property research fund, fee increase Deeds and Conveyances - Heir property, partition Fees - Heir property research fund, county clerk fee increase, recording and indexing Property - Heir property, partition Real Estate - Heir property, partition Uniform Laws - Uniform Partition of Heir Property Act Appropriations - Heir property research fund, creation Civil Actions - Heir property, partition Civil Procedure - Heir property, partition |
| 12/11/20 | Prefiled by the sponsor(s). |
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Last updated: 1/4/2021 4:38 PM (EST)
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