KRS 389A.030: Action in Circuit Court for sale or division of property.

(1) When two (2) or more persons other than tenants by the entirety in residential

property actually occupied by them as a principal residence share title to real estate

in such manner that a conveyance by them jointly would pass a fee simple title, any

one (1) or more of them may bring an action for the sale or division thereof in the

Circuit Court of the county in which the land, or the greater part thereof, lies,

making parties defendant those owners who have not joined as plaintiffs. A

fiduciary possessing a power of sale may institute such an action against owners of

interests not represented by him. Defendant owners shall be brought before the

court in the manner provided by the civil rules whether or not a fiduciary possesses

a power of sale of the defend ant's interest, but any fiduciary possessing such a

power shall also be made a defendant. The case shall be tried without a jury.

(2) A defendant who is under disability and for whom no fiduciary is acting shall be

represented in the action by a guardian a d litem, but in the event of sale of such

defendant's interest the court shall retain control of the proceeds of such interest

until a duly appointed and adequately bonded fiduciary or custodian pursuant to a

court order makes claim to the funds.

(3) In all such actions indivisibility of the real estate shall be presumed unless an issue

in respect thereto is raised by the pleading of any party, and if the court is satisfied

from the evidence that the property is divisible, without materially impairing the

value of any interest therein, division thereof pursuant to KRS 381.135 shall be

ordered.

(4) If a sale of all or any part of the real estate shall be ordered, the court shall refer the

matter to the master commissioner or appoint a commissioner to conduct a public

sale and convey the property upon terms of sale and disposition of the net proceeds

as may have been determined by the court.

(5) The death of any party pending the action and prior to distribution of the proceeds

of sale or setting apart a divisi ble share shall not affect the action but the court may

direct distribution or apportionment to the successors in interest of the decedent

upon application therefor.

(6) If the interest of any party be one for life, or other term, in any portion of the rea l

estate, the court shall determine the value of such interest and direct that such party

receive a portion of the net sale proceeds or portion of the property if divisible, in

fee in satisfaction of such interest, but if any party to the action objects to such

procedure, and if the court finds that such procedure would defeat the objects and

purpose of a person not a party to the action, such as a testator, grantor or settlor,

but that sale or division is nevertheless desirable, the court shall order that the

interest of the life or term tenant shall continue as to his portion of the real estate or

the net proceeds of the sale thereof, in the latter case by directing that the funds

derived from the sale of that portion of the real estate in which the life or term

interest existed be paid to a trustee, appointed by and accountable to the District

Court, for reinvestment and distribution of income and principal in a manner

consistent with the instrument under which the life or term estate was created.