Kentucky Statutes 304.33-450 – Distribution of assets
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Payments to creditors. Under the direction of the court the liquidator shall pay dividends in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third-party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 33, sec. 45, effective June 18, 1970.
Effective: June 18, 1970
Terms Used In Kentucky Statutes 304.33-450
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
History: Created 1970 Ky. Acts ch. 301, subtit. 33, sec. 45, effective June 18, 1970.