KY SB110 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2022 - 25% progression, died in committee
Action: 2022-03-17 - recommitted to Judiciary (S)
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

AN ACT relating to heir property and making an appropriation therefor.

Sponsors


History

DateChamberAction
2022-03-17Senaterecommitted to Judiciary (S)
2022-02-25Senate2nd reading, to Rules
2022-02-24Senatereported favorably, 1st reading, to Calendar
2022-01-26Senateto Judiciary (S)
2022-01-24Senateto Committee on Committees (S)
2022-01-24Senateintroduced in Senate

Subjects


Kentucky State Sources


Bill Comments

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