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162.040 Escheated property.

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162.040 Escheated property. So much property in each school district as escheats to the state, and is not required by the <br>provisions of KRS Chapter 393 to be disposed of in some other manner, shall vest in the <br>state for the use and benefit of the public schools in the district. The board of education of <br>the district may, in the name of the state and for the use and benefit of the schools of the <br>district, by its chairman or other officer designated by it, enter upon and take possession <br>of the property, or sue for and recover the property by action at law or in equity. The <br>board may sell and convey any of the property by warranty deed or otherwise. Effective: July 13, 1990 <br>History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 550, effective July 13, 1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, <br>from Ky. Stat. sec. 4399-56.