164.870 Title to real property. - Kentucky Statutes

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164.870 Title to real property. Proceedings taken by the University of Louisville, through action of its board of trustees,
in qualifying to receive the benefits of its status as a state institution, as provided in
subsection (3) of KRS 164.810 shall vest in the Commonwealth for the use and benefit of
the University of Louisville (without execution and recording of any instruments of
conveyance) title to all property which may be vested in the University of Louisville at
the date such qualifying action is perfected according to law. The title so vested in the
Commonwealth for the use and benefit of the University of Louisville shall be such title
as the University of Louisville may own at that time, and shall be subject to such liens
and encumbrances as may then exist thereon. Real property thereafter acquired by the
University of Louisville or for its use and benefit shall be in accordance with the
provisions of KRS 56.020 to 56.060; and any such acquisition of real property, and all
dispositions of real property of the university, shall be subject to the provisions of KRS
56.440 to 56.520. Personal property thereafter acquired by the University of Louisville or
for its use and benefit shall be in accordance with provisions of KRS 164.830. History: Created 1970 Ky. Acts ch. 65, sec. 8.