242.330 Sale of forfeited property and disposition of proceeds.

189 words·~1 min read·/ky/chapter-242/242-330

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Upon a judgment of forfeiture under KRS 242.320, the court shall direct the sheriff

to sell the property. The sale shall be made in the same manner as sales under

execution, and the same fees shall be allowed the officers conducting the sale.

(2)The sheriff shall pay first out of the purchase money any valid recorded liens on the

property so sold. The court may in its discretion order a sale subject to the liens.

(3)No lien on any property so sold shall be paid unless it is recorded prior to the

committing of the nuisance and unless the lienor can establish he had no knowledge

of the nuisance.

(4)If the petition is filed by a private citizen and a sale ordered, the citizen shall receive

ten percent (10%) of the net proceeds of sale of any property under any judgment of

forfeiture, after deducting costs and all valid liens.

(5)The sheriff, after payment of liens, costs and fees, shall pay the balance of the

proceeds of sale to the circuit clerk, who shall transmit the balance as in the case of

other forfeitures.