# KRS § 162.040: 162.040 Escheated property

> Kentucky · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.040

## Section

- **Citation:** KRS § 162.040
- **Heading:** 162.040 Escheated property
- **Jurisdiction:** Kentucky
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KY Code / Title XIII / Chapter 162 / Section 162.040

## Text

162.040 Escheated property.

So much property in each school district as escheats to the state, and is not required by the

provisions of KRS Chapter 393 to be disposed of in some other manner, shall vest in the

state for the use and benefit of the public schools in the district. The board of education of

the district may, in the name of the state and for the use and benefit of the schools of the

district, by its chairman or other officer designated by it, enter upon and take possession

of the property, or sue for and recover the property by action at law or in equity. The

board may sell and convey any of the property by warranty deed or otherwise.

## Nearby sections

- [KRS § 162.010 162.010 Title to school property](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.010.md)
- [KRS § 162.020 162.020 Transfer of property from one district to another -- Title not affected -- District may own school in another district](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.020.md)
- [KRS § 162.030 162.030 Condemnation of property for school purposes](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.030.md)
- [KRS § 162.040 162.040 Escheated property](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.040.md)
- [KRS § 162.050 162.050 Use of schoolhouse by public assembly](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.050.md)
- [KRS § 162.055 162.055 Use of school property by public for recreational, sporting, academic, literary, artistic, or community uses -- Limited civil immunity](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.055.md)
- [KRS § 162.060 162.060 Plans for school buildings to be approved](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.060.md)
- [KRS § 162.065 162.065 Administrative regulations for use by local school boards when constructing schools using construction managers -- Items considered equal to specifications may be furnished](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.065.md)
- [KRS § 162.066 162.066 Restriction on award of contracts by construction manager](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.066.md)
- [KRS § 162.067 162.067 Application of KRS 162.065 and 162.066](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.067.md)
- [KRS § 162.070 162.070 Contracts for buildings, improvements, and materials to be let on competitive bidding -- When advertisements not required](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.070.md)
- [KRS § 162.075 162.075 Compliance with code not necessary on purchases from federal government](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.075.md)
- [KRS § 162.080 162.080 Bond issues for school sites and buildings -- Authorization -- Election](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.080.md)
- [KRS § 162.085 162.085 Issuance of bonds sold directly to banks, private investors, and financial institutions -- Authorization](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.085.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C162_S162.040. Check the current official text before relying on it. Not legal advice.