Kentucky Statutes 381.020 – Titles allodial and subject to escheat — Right of eminent domain
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All land titles in this state are allodial, and, subject to escheat, the entire and absolute property in all land in this state is vested in the owners, according to the nature of their respective estates; except that the Commonwealth retains the right of eminent domain in and to all real estate.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2338.
Effective: October 1, 1942
Terms Used In Kentucky Statutes 381.020
- Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- real estate: includes lands, tenements, and hereditaments and all rights thereto and interest therein, other than a chattel interest. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2338.