Without previous judicial proceeding or judgment, an interest in real property held by a fiduciary for the benefit of a ward, or by more than one (1) person or by an unknown heir may be sold by private sale subject to court approval. An action for approval of sale shall be brought in the manner provided for judicial approval prior to sale in KRS § 389A.030 and KRS § 389A.035.
Effective: February 6, 1984
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Terms Used In Kentucky Statutes 389A.032

  • Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
  • Fiduciary: A trustee, executor, or administrator.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

History: Created 1984 Ky. Acts ch. 9, sec. 1, effective February 6, 1984.

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