SB 23 KY Introduced
AN ACT relating to heirs property.
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Summary
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.
Sponsor (1)
- R. Thomas Democratic · primary
Action history (2)
- Jan 6, 2026 introduced in Senate · upper
- Jan 6, 2026 to Committee on Committees (S) · upper
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