Kentucky Revised Statutes

Ky. Rev. Stat. § 395.240 (2026)

Sale of choses in action -- Compromise of claims

✓ current as of May 2026
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In actions for the settlement of decedents' estates, the court may direct the sale of choses in action, including judgments, and may authorize the personal representative to compromise claims growing out of contract or tort due the estate, as well as claims on contract or tort against the estate. A personal representative may compromise and settle any claim or demand for damages growing out of injury to or the death of the decedent. Effective: October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3882.

Notes of Decisions
Cited in 2 cases (2 in the last 5 years), 2025–2025 · leading case: Justin Smith, Individually v. Morgan & Morgan Kentucky, Pllc (Ky. Ct. App. 2025).
Justin Smith, Individually v. Morgan & Morgan Kentucky, Pllc (Ky. Ct. App. 2025). “” And KRS 395.240 states that “[a] personal representative may compromise and settle any claim or demand for damages growing out of injury to or the death of the decedent.”
Justin Smith, Individually v. Morgan & Morgan Kentucky, Pllc (Ky. Ct. App. 2025). “” And KRS 395.240 states that “[a] personal representative may compromise and settle any claim or demand for damages growing out of injury to or the death of the decedent.”
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