Kentucky Statutes 30A.200 – Moneys deposited with court clerks and payable to a third person
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All moneys which are deposited with the clerk and which are payable to a third person, not the Commonwealth, or which may become payable to such third person as a result of court action or otherwise shall:
(1) Be logged in the appropriate record of the clerk and the person paying or depositing the money shall be given a receipt;
(2) Be deposited daily in a bank approved as a state depository bank in a special escrow account or accounts subject to the clerk’s withdrawal as required in the daily course of the clerk’s business or as may be ordered by a court; and
(3) Not be subject to the provisions of KRS Chapter 41 relating to the deposit of money in the State Treasury until by action of a court, such as forfeiture of a bond, the money is due and owing to the Commonwealth.
Effective: August 1, 2002
History: Amended 2002 Ky. Acts ch. 183, sec. 7, effective August 1, 2002. — Amended
1998 Ky. Acts ch. 563, sec. 1, effective July 15, 1998. — Created 1978 Ky. Acts ch.
200, sec. 1, effective June 17, 1978.
(1) Be logged in the appropriate record of the clerk and the person paying or depositing the money shall be given a receipt;
Terms Used In Kentucky Statutes 30A.200
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
(2) Be deposited daily in a bank approved as a state depository bank in a special escrow account or accounts subject to the clerk’s withdrawal as required in the daily course of the clerk’s business or as may be ordered by a court; and
(3) Not be subject to the provisions of KRS Chapter 41 relating to the deposit of money in the State Treasury until by action of a court, such as forfeiture of a bond, the money is due and owing to the Commonwealth.
Effective: August 1, 2002
History: Amended 2002 Ky. Acts ch. 183, sec. 7, effective August 1, 2002. — Amended
1998 Ky. Acts ch. 563, sec. 1, effective July 15, 1998. — Created 1978 Ky. Acts ch.
200, sec. 1, effective June 17, 1978.