Bill
Bill > HB170
summary
Introduced
01/04/2022
01/04/2022
In Committee
03/30/2022
03/30/2022
Crossed Over
03/03/2022
03/03/2022
Passed
03/30/2022
03/30/2022
Dead
Signed/Enacted/Adopted
04/08/2022
04/08/2022
Introduced Session
2022 Regular Session
Bill Summary
Create a new section of KRS 387.010 to 387.280 to establish a new procedure for legal settlements with a minor when the amount of the settlement is $25,000 or less; amend KRS 387.280 to conform.
AI Summary
This bill creates a new section of Kentucky law to establish a new procedure for legal settlements with minors when the amount of the settlement is $25,000 or less. It allows the person having legal custody of the minor to settle or compromise the claim without the need for a guardian or conservator, as long as certain conditions are met, such as the funds being deposited into a restricted account or used to purchase an annuity for the minor. The bill also amends existing law related to settlements for minors or persons under disability to conform with the new procedures.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
signed by Governor (Acts Ch. 182) (on 04/08/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/22RS/hb170.html |
| BillText | https://apps.legislature.ky.gov/law/acts/22RS/documents/0182.pdf |
| Conference Committee Report #1 | https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB170/CCR1.pdf |
| Senate Committee Substitute | https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB170/SCS1.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb170/bill.pdf |
| Vote History for HB170 | https://apps.legislature.ky.gov/record/22RS/hb170/vote_history.pdf |
| House Floor Amendment | https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB170/HFA2.pdf |
| House Floor Amendment | https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB170/HFA1.pdf |
| House Committee Substitute | https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB170/HCS1.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb170/orig_bill.pdf |
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