26RS SB 23

Senate Bill 23

Actions

Last Action	01/06/26: to Committee on Committees (S)
Title	AN ACT relating to heirs property.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	320
Sponsor	R. Thomas
Summary of Original Version	Create new sections of KRS Chapter 381 to enact the Uniform Partition of Heirs Property Act; define terms, including "heirs property"; 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 heirs 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 additional fees to the heirs property research fund; amend KRS 381.135 and 389A.030 to conform.
Index Headings of Original Version	Administrative Regulations And Proceedings - Kentucky Real Estate Authority, heirs property research fund Civil Actions - Heirs property, partition Civil Procedure - Heirs property, partition County Clerks - Heirs property research fund, fee increase Deeds And Conveyances - Heirs property, partition Fees - Heirs property research fund, county clerk fee increase, recording and indexing Property - Heirs property, partition Real Estate - Heirs property, partition Short Titles And Popular Names - Uniform Partition of Heirs Property Act Uniform Laws - Uniform Partition of Heirs Property Act Local Mandate - Heirs property, partition