The city assessor, immediately after fixing the value of the capital stock of any company or individual under KRS § 91.640, shall notify the company or individual of that fact. The company or individual shall have at least ten (10) days from the time of receiving the notice to go before the board of equalization of the city and ask for a change of the valuation, and may introduce evidence. The chairman of the board of equalization may summon and swear witnesses. After hearing the evidence the board may change the valuation as it deems proper, and its action shall be final.
Effective: October 1, 1942
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Terms Used In Kentucky Statutes 91.650

  • Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
  • City: includes town. See Kentucky Statutes 446.010
  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.

History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2984a-7.

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