Senate Bill 110

Actions
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

Actions

Top
01/24/22
  • introduced in Senate
  • to Committee on Committees (S)
01/26/22
  • to Judiciary (S)
02/24/22
  • reported favorably, 1st reading, to Calendar
02/25/22
  • 2nd reading, to Rules
03/17/22
  • recommitted to Judiciary (S)


Last updated: 5/25/2022 2:58 PM (EDT)
To receive notice when the record is updated follow @LRCTweetBot.