| Last Action | 03/17/22: recommitted to Judiciary (S) |
|---|---|
| Title | AN ACT relating to heir property and making an appropriation therefor. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Local Mandate |
| Bill Request Number | 1527 |
| Sponsor | 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 and 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; APPROPRIATION. |
| Index Headings of Original Version |
Local Mandate - County clerk, fee increase, grants 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 Administrative Regulations and Proceedings - Real Estate Authority, heir property research fund Appropriations - Heir property research fund, creation Civil Actions - Heir property, partition Civil Procedure - Heir property, partition |
| 01/24/22 |
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| 01/26/22 |
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| 02/24/22 |
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| 02/25/22 |
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| 03/17/22 |
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Last updated: 2/8/2023 2:57 PM (EST)