Title XXXIV, Descent, Wills, and Administration of Decedents' Estates
9 chapters · 370 sections in this title.
KRS § 393.020 Property subject to escheat
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If any property having a situs in this state has been devised or bequeathed to any person and is not claimed by that person or by his heirs, distributees, or devisees within three (3) years after the death of the testator, or if the owner of any property having a situs in this st…
KRS § 393.022 Escheat of United States savings bonds to Commonwealth
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(1) As used in this section: (a) "Book-entry bond" means a savings bond maintained by the United States Treasury in electronic or paperless form as a computer record; (b) "Definitive bond" means a savings bond issued by the United States Treasury in paper form; (c) "Final maturit…
KRS § 393.030 Disposition of property subject to escheat
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(1) The personal representative of a person, any part of whose property is not distributed by will, and who died without heirs or distributees entitled to it shall settle their accounts within one (1) year after qualifying, and pay to the department the proceeds of all personal p…
KRS § 393.040 Procedure if legacy or devise is not claimed
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If any devisee or legatee, or his heir, devisee, or distributee, has failed for seven (7) years to claim his legacy or devise, the personal representative of the testator, or other person possessing it shall, after deducting the legal liabilities thereon, pay and deliver it and t…
KRS § 393.050 Presumption of death after seven years -- Disposition of property
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Except as provided in KRS 422.132, when a person owning any property having a situs in this state is not known to be living for seven (7) successive years, and neither he nor his heirs, devisees, or distributees can be located or proved to have been living for seven (7) successiv…
KRS § 393.063 Treatment of refunds of workers' compensation special fund assessments held by an insurance carrier and owed to an insured employer
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held by an insurance carrier and owed to an insured employer. (1) Notwithstanding any provision of the Kentucky Revised Statutes to the contrary, refunds of workers' compensation special fund assessments levied in accordance with KRS 342.122 shall be deemed "unclaimed refunds" if…
KRS § 393.068 Presumption of abandonment of personal property held by federal government
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government. (1) All tangible personal property or intangible personal property, including choses in action in amounts certain, and all debts owed or entrusted funds or other property held by the federal government or any federal agency, or any officer, or appointee thereof, shall…
KRS § 393.080 Presumption of abandonment of security deposit or public utility refund
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The following funds held or owing are presumed abandoned: (1) Any deposit of money, stocks, bonds, or other credits made to secure payment for services rendered or to be rendered, or to guarantee the performance of services or duties, or to protect against damage or harm, and the…
KRS § 393.082 Special expendable trust fund for unclaimed sums under KRS 393.080(3) -- Administration and distribution of fund -- Claims procedures
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393.080(3) -- Administration and distribution of fund -- Claims procedures. (1) Unclaimed sums delivered to the Kentucky State Treasurer pursuant to KRS 393.080(3) shall be placed in a special expendable trust fund established by the Kentucky Workers' Compensation Funding Commiss…
KRS § 393.117 Conditions governing enforceability of agreements to locate property presumed abandoned
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presumed abandoned. (1) An agreement by an owner, the primary purpose of which is to locate, deliver, recover, or assist in the recovery of property that is presumed abandoned, is void and unenforceable if it was entered into during the period commencing on the date that the prop…
KRS § 393.170 Property in federal custody -- Determination of whether escheat has occurred
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occurred. Whenever any property escheated under this chapter by reason of actual abandonment, or death or presumption of death of the owner without leaving any person entitled to take the legal or equitable title under the laws of this state relating to wills, or descent and dist…
KRS § 393.200 State Treasurer may perform duties of county attorney
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If the county attorney declines to perform the duties imposed upon him by this chapter, they may be performed by the State Treasurer. When he considers it to the best interest of the state, the State Treasurer may institute any action authorized by this chapter to be brought by t…
KRS § 393.250 Source of payment of expenses -- County attorney to collect judgments
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Any necessary expense required to be paid by the state in administering and enforcing this chapter shall be paid out of the abandoned property fund.
KRS § 393.300 Restriction on escheat of real property held by lending corporation under supervision
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supervision. No person shall institute proceedings to escheat real property the title to which was acquired by any lending corporation in satisfaction of debts previously contracted in the course of its business, or that it purchases under a judgment for any such debt in its favo…