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2014 Kentucky Revised Statutes
CHAPTER 393 - ESCHEATS
393.300 Restriction on escheat of real property held by lending corporation under supervision.

KY Rev Stat § 393.300 (2014) What's This?

Download as PDF 393.300 Restriction on escheat of real property held by lending corporation under 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 favor, if such lending corporation is under the supervision of the Department of Financial Institutions of this state, comptroller of currency of the United States or any other duly constituted supervising banking authority, state or Federal, without first obtaining the consent of the supervising authority having supervision over that corporation. Effective:July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1923, effective July 15, 2010. -Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1623-1.

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