There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 427 EXEMPTIONS
427.090 Payment of money in lieu of homestead exemption.
Download pdfsought to be subjected to the payment of any debt or liability, which, in the opinion of the
appraisers, is of greater value than five thousand dollars ($5,000) and not divisible
without great diminution in value, the property shall be sold and five thousand dollars
($5,000) of the money arising from the sale paid to the defendant to enable him to
purchase another homestead. The property shall not be sold for less than five thousand
dollars ($5,000). Effective: April 9, 1980
History: Amended 1980 Ky. Acts ch. 236, sec. 6, effective April 9, 1980. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1705.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.