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KENTUCKY
RULES OF CIVIL PROCEDURE CR 67.01 IN AN ACTION In an action in which any part of the relief sought is a judgment for a sum of money or the disposition of a sum of money or the disposition of any other thing capable of delivery, a party, upon notice to every other party, and by leave of court, may deposit with the court all or any part of such sum or thing. Money paid into court under this rule shall be deposited in an interest-bearing account or invested in an interest-bearing instrument approved by the court. At the conclusion of the action, the interest accruing on any such account or instrument shall be paid to the person to whom the principal amount of the account is paid. [Amended by Order 90-1, eff. 9-15-90; prior amendment eff. 1-1-87; adopted eff. 7-1-53] CR 67.02 COURT MAY ORDER DEPOSIT OR SEIZURE OF PROPERTY When it is admitted by the pleading or examination of a party that he has in his possession or control any money or other thing capable of delivery which being the subject of the litigation, is held by him as trustee for another party, or which belongs or is due to another party, the court may order the same to be deposited in court or delivered to such other party, with or without security, subject to further direction. If such order is disobeyed, the court may punish the disobedience as a contempt, and may also require the sheriff or other proper officer to take the money or property and deposit or deliver it in accordance with the direction given. Money paid into court under this rule shall be deposited in an interest-bearing account or invested in an interest-bearing instrument approved by the court. At the conclusion of the action, the interest accruing on any such account or instrument shall be paid to the person to whom the principal amount of the account is paid. [Amended by Order 90-1, eff. 9-15-90; prior amendment eff. 1-1-87; adopted eff. 7-1-53] CR 67.03 MONEY PAID INTO COURT Where the money is paid into court to abide the result of any legal proceeding, the judge may order it deposited in one or more designated federally insured state or national banks or savings banks, to the credit of the court in the action or proceeding in which the money was paid. The money, including earned interest, so deposited shall be paid only upon the check of the clerk of the court, annexed to its certified order for the payment, and in favor of the person to whom the order directs the payment to be made. Any interest which may have accrued shall also be paid to that same person. [Amended by Order 90-1, eff. 9-15-90; prior amendment eff. 1-1-87; adopted eff. 7-1-53] |
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