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140.224 Bond to secure installment payment of inheritance tax.

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140.224 Bond to secure installment payment of inheritance tax. (1) Where a beneficiary elects to pay the inheritance tax on the installment basis as provided in this chapter, such beneficiary may be required to post sufficient security <br>at any time the department reasonably believes collection of the tax may be in <br>jeopardy. (2) Failure of a beneficiary to pay any installment due or to post the required security shall cause all installments to become immediately due and payable. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 463, effective June 20, 2005. -- Created 1978 Ky. Acts ch. 233, sec. 42, effective June 17, 1978.