341.820 Release or return of property.
158 words·~1 min read·
/ky/chapter-341/341-820A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)It shall be lawful for the secretary or his delegate, under administrative regulations
prescribed by the secretary, to release all or part of the property or rights to property
levied upon where the secretary or his delegate determines that such action will
facilitate the collection of the liability, but such release shall not operate to prevent
any subsequent levy.
(2)If the secretary or his delegate determines that property has been wrongfully levied
upon, it shall be lawful for the secretary or his delegate to return the specific
property levied upon or an amount of money equal to the amount of money received
by the Commonwealth from a sale of such property.
(3)Property shall be returned immediately. If such property is not returned
immediately, or if such proceeds of sale are not returned immediately, then the
owner of such property shall have a period of four
(4)years in which to initiate
action for its return.