Kentucky Statutes 396.065 – Waiver of defense of limitations
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If an estate is solvent the personal representative, with the consent of all successors of the decedent whose interests would be affected, may waive any defense of limitations available to the estate. If the defense is not waived, no claim which was barred by any statute of limitations at the time of the decedent’s death shall be allowed or paid.
Effective: July 15, 1988
History: Created 1988 Ky. Acts ch. 90, sec. 12, effective July 15, 1988.
Effective: July 15, 1988
Terms Used In Kentucky Statutes 396.065
- Decedent: A deceased person.
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
History: Created 1988 Ky. Acts ch. 90, sec. 12, effective July 15, 1988.