If upon the dissolution of any district organized under this chapter any money is in the hands of the treasurer, after all liabilities of the district are satisfied, it shall be prorated to the several pieces of property according to the assessed benefits in the organization of the district. The prorata share shall be paid to the then owner of the property.
Effective: January 2, 1978
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Terms Used In Kentucky Statutes 268.640

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Owner: means any person owning a freehold estate in any property in the district or affected by it according to the report of the board of viewers, and shall not include trustees or mortgagees. See Kentucky Statutes 268.010
  • Property: includes land, railroads, sewers, streets and public highways. See Kentucky Statutes 268.010

History: Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 256, effective January
2, 1978. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from
Ky. Stat. sec. 2380b-61.

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