Bill Request 800

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

Actions

12/11/20 Prefiled by the sponsor(s).

Last updated: 1/4/2021 4:38 PM (EST)
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