2014 Kentucky Revised Statutes
CHAPTER 393 - ESCHEATS
393.020 Property subject to escheat.

Download as PDF 393.020 Property subject to escheat. 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 state dies without heirs or distributees entitled to it and without disposing of it by will, it shall vest in the state, subject to all legal and equitable demands. Any property abandoned by the owner, except a perfect title to a corporeal hereditament, shall vest in the state, subject to all legal and equitable demands. Any property that vests in the state under this section shall be liquidated, and the proceeds, less costs, fees, and expenses incidental to all legal proceedings of the liquidation shall be paid to the department. Effective:June 24, 2003 History: Amended 2003 Ky. Acts ch. 95, sec. 7, effective June 24, 2003. -Amended 1994 Ky. Acts ch. 58, sec. 3, effective March 10, 1994; and ch. 83, sec. 1, effective July 15, 1994. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1606.