2006 Kentucky Revised Statutes - .120   Person for whom tax is paid is estopped from tax protest -- Reimbursement of transferee if certificate is invalid.

134.120 Person for whom tax is paid is estopped from tax protest -- Reimbursement of transferee if certificate is invalid. (1) Whenever any person has requested that a certificate of transfer be issued to another, transferring a tax on property in which he is financially interested, that person, his heirs and assigns shall thereafter be estopped from claiming any irregularity in the tax or any proceedings relating thereto up to the time of transfer. Such a request shall, insofar as the person liable for the tax has the power to do so, ratify all the proceedings in regard to the tax up to that time. (2) When a transferee has acquired a certificate of transfer that is for any reason invalid, the state, county, city or taxing district that received payment shall reimburse the transferee by paying to him the amount of principal, interest, penalties and costs expended by him in the purchase, with interest thereon at the rate of six percent (6%) per annum. Effective: October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4168h, 4168j.