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Code · Kentucky · Chapter 99 — Urban renewal and redevelopment

99.805 Appointment of conservator -- Bond -- Removal.

224 words·~1 min read·/ky/chapter-99/99-805

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(1)If the court finds after a hearing that the conditions for conservatorship have been
established, the court may:
(a)Appoint a conservator; and
(b)Grant such other relief as may be just and appropriate.
(2)In appointing a conservator, the court shall consider any recommendation contained
in the petition or otherwise presented by a party in interest.
(3)No member of the governing body of a local government or a public officer of a
local government in his or her individual capacity, or a member of the immediate
family of a member of the governing body or public officer of a local government,
is qualified to be appointed as a conservator in the action.
(4)A conservator appointed by the court may be required to post a bond in an amount
determined by the court, but not exceeding the assessed value of the building at the
time of the appointment, prior to proceeding as conservator.
(5)A conservator may be removed by the court at any time upon the request of the
conservator, or upon a showing by a party in interest that the conservator is not
carrying out duties or responsibilities under the appointment. If a conservator is
removed for failure to carry out duties or responsibilities under the appointment, the
conservator shall not be entitled to reimbursement for costs of rehabilitation.
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