Kentucky Statutes 426.420 – Choses in action — Petition for discovery — Sale
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Where choses in action are brought into court by virtue of a petition for discovery of assets instituted against an insolvent debtor, the court may order their sale upon the same terms as are prescribed for the sale of other personal property. The court shall make all needful orders for the transfer of title to the purchaser.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2185.
Effective: October 1, 1942
Terms Used In Kentucky Statutes 426.420
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- Personal property: All property that is not real property.
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2185.