|AN ACT relating to heir property and making an appropriation therefor.
|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.
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
|Prefiled by the sponsor(s).
Last updated: 1/4/2021 4:38 PM (EST)
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