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164.870 Title to real property.

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164.870 Title to real property. Proceedings taken by the University of Louisville, through action of its board of trustees, <br>in qualifying to receive the benefits of its status as a state institution, as provided in <br>subsection (3) of KRS 164.810 shall vest in the Commonwealth for the use and benefit of <br>the University of Louisville (without execution and recording of any instruments of <br>conveyance) title to all property which may be vested in the University of Louisville at <br>the date such qualifying action is perfected according to law. The title so vested in the <br>Commonwealth for the use and benefit of the University of Louisville shall be such title <br>as the University of Louisville may own at that time, and shall be subject to such liens <br>and encumbrances as may then exist thereon. Real property thereafter acquired by the <br>University of Louisville or for its use and benefit shall be in accordance with the <br>provisions of KRS 56.020 to 56.060; and any such acquisition of real property, and all <br>dispositions of real property of the university, shall be subject to the provisions of KRS <br>56.440 to 56.520. Personal property thereafter acquired by the University of Louisville or <br>for its use and benefit shall be in accordance with provisions of KRS 164.830. History: Created 1970 Ky. Acts ch. 65, sec. 8.