394.360 Conversion or removal of devised property not an ademption unless intended. (1) The conversion of money or property or the proceeds of property, devised to one (1) of the testator's heirs, into other property or thing, with or without the assent of the testator, shall not be an ademption of the legacy or devise unless the testato r so intended; but the devisee shall have and receive the value of such devise, unless a contrary intention on the part of the testator appears from the will, or by parol or other evidence. (2) The removal of property devised shall not operate as an adempt ion, unless a contrary intention on the part of the testator is manifested in like manner. Effective: October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2068, 2069.
Kentucky Legal Code