Kentucky Revised Statutes
Ky. Rev. Stat. § 389.030 (2026)
Repealed, 1980
✓ current as of May 2026
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Catchline at repeal: Sale of reversion or remainder interest -- Custody and reinvestment of proceeds History: Repealed 1982 Ky. Acts ch. 277, sec. 21, effective July 15, 1982. -- Amended 1964 Ky. Acts ch. 93, sec. 1. -- Transferred 1952 Ky. Acts ch. 84, sec. 1, effective July 1, 1953, from C.C. sec. 491. -- C. C. sec. 491 amended 1942 Ky. Acts ch. 137, sec. 2. Note. 1980 Ky. Acts ch. 396, sec. 113 would have amended this section effective July 1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec. 146, also effective July 1, 1982.
Notes of Decisions
Cited in 2
cases, 1965–1977 · leading case: Athens Christian Church of Athens v. Stevens, 561 S.W.2d 103 (Ky. Ct. App. 1977).
Athens Christian Church of Athens v. Stevens, 561 S.W.2d 103 (Ky. Ct. App. 1977). “It is beyond the power of the court under KRS 389.030 to approve an offer. The function of the court thereunder is to approve a sale pursuant to a binding offer, not to try to breathe life into a dead offer.”
Cooper v. Cooper, 392 S.W.2d 662 (Ky. Ct. App. 1965). “The principal question on appeal is whether an executory devise under the will of Isaac Pearson, as construed by a judgment of the Mercer Circuit Court entered in 1936, requires the application of KRS 389.030 with respect to one of the three lots.”
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