Code · Kentucky · Chapter 273 — Religious, charitable, and educational societies -- nonstock, nonprofit corporations

273.140 Sale of property held for charity for reinvestment.

64 words·~1 min read·/ky/chapter-273/273-140

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

Upon petition in equity stating the necessity of such action, if it will not violate any reservation or limitation in any dedication or grant, the Circuit Court of the county in which real property is held for a religious society or other charity may direct a sale of the property to reinvest the proceeds in the same county and for the same general purposes.