Statutes, codes, and regulations
Kentucky Revised Statutes
Title 34 - DESCENT, WILLS, AND ADMINISTRATION OF DECEDENTS' ESTATES
Chapter 393 - ESCHEATS
Section 393.050 - Presumption of death after seven years - Disposition of property

Ky. Rev. Stat. § 393.050

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Current through 2024 Ky. Acts ch. 225
Section 393.050 - Presumption of death after seven years - Disposition of property

Except as provided in KRS 422.132, when a person owning any property having a situs in this state is not known to be living for seven (7) successive years, and neither he nor his heirs, devisees, or distributees can be located or proved to have been living for seven (7) successive years, he shall be presumed to have died without heirs, devisees, or distributees, and his property shall be liquidated and the proceeds, less costs incident to the liquidation and any legal proceedings, and the liabilities which have been properly claimed and approved against it, shall be paid to the department.

KRS 393.050

Effective:7/15/2002
Amended 2002, Ky. Acts ch. 57, sec. 2, effective7/15/2002. -- Amended 1994 Ky. Acts ch. 58, sec. 6, effective 3/10/1994. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 1609.