KRS 131.530 — Right of redemption

(1) Any person whose property has been levied upon shall have the right to pay the
amount due, together with the expense of the proceeding, to the commissioner or
his delegate at any time prior to the sale thereof and upon such payment the
commissioner or his delegate shall cause such property to be restored to him and all
further proceedings in connection with the levy on such property shall cease from
the time of such payment.
(2) The owner of any real property sold as provided in KRS 131.500(1), his heirs,
executors, or administrators, or any person having an interest therein, or a lien
thereon, or any person in his behalf, shall be permitted to redeem the real property
sold or any particular tract of such property, at any time within one hundred twenty
(120) days after the date of the sale. Such property or tract of property shall be
permitted to be redeemed only upon payment to the purchaser, or in case he cannot
be found in the county in which the property to be redeemed is situated, then to the
commissioner or his delegate, for the use of the purchaser, his heirs, or assigns, the
amount paid by such purchaser and interest thereon at the rate of twenty percent
(20%) per annum from the date of sale.
(3) In the case of property sold pursuant to KRS 131.500(1), the commissioner or his
delegate shall give to the purchaser a certificate of sale upon payment in full of the
purchase price. The certificate shall set forth a description of the property
purchased, for whose taxes the property was sold, and the price paid therefor.
(4) In all cases where property is sold pursuant to KRS 131.500(1), except real
property, the certificate of sale issued pursuant to subsection (3) of this section shall
have the following effect:
(a) Shall be prima facie evidence of the rights of the commissioner or his delegate
to make such sale, and of the regularity of the proceeding of the sale; and
(b) Shall transfer to the purchaser all right, title and interest of the taxpayer in and
to the property sold; and
(c) If such property consis ts of stock, shall be notice, when received, to any
corporation, company, or association of such transfer, and shall be authority to
such corporation, company, or association to record the transfer on its books
and records in the same manner as if the stoc ks were transferred or assigned
by the party holding the same, in lieu of any prior certificate, which shall be
void, whether canceled or not; and
(d) If the subject of sale is securities or other evidences of debt, shall be a good
and valid receipt to the person holding the same, as against any person holding
or claiming to hold possession of such securities or other evidences of debt;
and
(e) If such property consists of a motor vehicle, shall be notice, when received by
any public official charged with t he registration of title to motor vehicles, of
such transfer and shall be authority to such official to record the transfer on
his books and records in the same manner as if title to such motor vehicle
were transferred or assigned by the party holding the same, in lieu of any
original or prior title, which shall be void, whether canceled or not.
(5) In the case of any real property sold pursuant to KRS 131.500(1) and not redeemed
in the manner and within the time provided in subsection (2) of this section, the
commissioner or his delegate shall execute in accordance with the laws of the
Commonwealth, to the purchaser of such real property upon surrender of the
certificate of sale, a deed to the real property so purchased by him, reciting the facts
set forth in the certificate. The deed executed pursuant to this subsection shall have
the following effect:
(a) Shall be prima facie evidence of the rights of the commissioner or his delegate
to make such sale, and of the regularity of the proceedings of the sale; and
(b) If the proceedings of the commissioner or his delegate have been substantially
in accordance with the provisions of KRS 131.500, such deed shall be
considered and operate as a conveyance of all right, title and interest the
taxpayer has in and to t he real property thus sold at the time the lien of the
Commonwealth attached thereto.
(6) A certificate of sale of personal property given or a deed to real property executed
pursuant to this section shall discharge such property from all liens, encumbranc es,
and titles over which the lien of the Commonwealth, with respect to which the levy
was made, had priority.