Statutes, codes, and regulations
Kentucky Revised Statutes
Title 34 - DESCENT, WILLS, AND ADMINISTRATION OF DECEDENTS' ESTATES
Chapter 393 - ESCHEATS
Section 393.300 - Restriction on escheat of real property held by lending corporation under supervision

Ky. Rev. Stat. § 393.300

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Current through 2024 Ky. Acts ch. 225
Section 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.

KRS 393.300

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1923, effective7/15/2010. --Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 1623-1.